Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.
In light of Western measures against their shareholders, the fertiliser producers PhosAgro, Uralchem and Eurochem will drastically cut their exports to Africa, a market they had turned to with relative success after the loss of their Ukrainian clients in 2014.
Solevo, a fertiliser and agricultural inputs trading company, was bought from Louis Dreyfus Company in 2016 by the British fund Helios and the Singaporean sovereign wealth fund Temasek. It will soon be put back on the market by its shareholders.
Russian phosphate fertiliser producer PhosAgro plans to increase its sales and storage space in southern and eastern Africa but is slowing expansion in the west, as record price hikes hamper trade.
The Luanda government was to organise an international tender to help local blenders secure fertilisers from overseas in order to boost the agricultural sector. After getting off to such a slow start, its seems highly unlikely it will be finalised in the short term.
Morocco's OCP, which is the leader in the fast-growing African fertilisers market, has run into increasing competition from Russia's PhosAgro and Saudi Arabia's Maaden, particularly on its west African "home" turf. The battle has been made fiercer by the direct interventions made by heads of state and governments.