{"id":470399,"date":"2021-03-30T12:58:41","date_gmt":"2021-03-30T12:58:41","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=470399"},"modified":"2021-03-30T12:58:41","modified_gmt":"2021-03-30T12:58:41","slug":"la-trade-and-development-bank-ocp-group-and-dltledgers-power-intra-african-fertilizer-trade-using-blockchain-amid-covid-19-pandemic","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/03\/30\/la-trade-and-development-bank-ocp-group-and-dltledgers-power-intra-african-fertilizer-trade-using-blockchain-amid-covid-19-pandemic\/","title":{"rendered":"LA Trade and Development Bank, OCP Group, and DLTLEDGERS Power Intra-African Fertilizer Trade Using Blockchain Amid COVID-19 Pandemic"},"content":{"rendered":"
<\/div>

Several thousand tons of fertilizer shipped from Morocco to Ethiopia in these pioneering deals of nearly $ 400 million.<\/p>\n

The Trade and Development Bank of East and Southern Africa (TDB) and OCP Group, the world’s largest phosphate producer and world leader in the phosphate fertilizer market, are pleased to ” announce $ 400 million in business transactions conducted via blockchain technology, with $ 270 million already executed, with the remainder expected over the next few months.<\/p>\n

The OCP Group thus becomes the first African company to execute an intra-African commercial transaction using blockchain technology. This transaction helped finance the shipment of phosphate fertilizers from Morocco to Ethiopia. This initiative is part of the Group’s digitalization strategy aimed at contributing in particular to reducing the trade finance gap in Africa and stimulating intra-African trade, in particular in the fertilizer sector, through digital inclusion. .<\/p>\n

Dltledgers blockchain technology allows all stakeholders to complete the transaction digitally and complete the import-export transaction in less than two hours. Equivalent “paper” transactions typically take three weeks or more, due to the time it takes suppliers to transfer physical documents to the buyer through the traditional banking system. With the current slowdown in global logistics and supply chains, trade finance transactions can take up to six weeks, due to border and airport closures that continue to cause further delays.<\/p>\n

In the case of this operation, the parties can download, view, modify and validate the documentation in a private blockchain, simultaneously and in real time. In addition, blockchain technology has many advantages: a lower carbon footprint, more secure operations thanks to encryption and verification technologies, more transparency and traceability, and the reduction of risks thanks to the elimination of possible errors and ambiguities in the exchange and modification of documents.<\/p>\n

These transactions are carried out as global trade contracted 5-10% in 2020, compared to the previous year, in parallel with the drop in demand for trade finance.<\/p>\n

TDB facilitated more than half a billion dollars in trade finance to Ethiopia in 2020, and has supported nearly one billion dollars in fertilizer imports from OCP Group to Ethiopia over the past three years. TDB facilitates trade finance in Ethiopia by providing solutions that help meet foreign exchange needs and enable the import of vital agricultural and energy products, including fertilizers, wheat and sugar. Imported fertilizer increases crop yields and productivity levels, improves food security, increases foreign exchange earnings from cash crops and supports local employment.<\/p>\n

In October 2019, TDB became the first African development finance institution to complete a trade finance transaction using blockchain technology, financing the import of 50,000 tonnes of white sugar from India to the region it dessert. This innovative transaction served as an example for the global trade finance industry, while also creating a model that TDB was able to replicate for other transactions such as this intra-African transaction.<\/p>\n

The OCP Group has always emphasized the need for intra-African collaboration to meet the challenge of structured, efficient and sustainable agriculture. This cooperation is also in line with TDB’s mandate, which aims to promote intra and inter-regional trade, as well as its integration in the region it serves and on the continent, in line with the actions of the AfCFTA (African Continental Free Trade Area).<\/p>\n

Agriculture plays a vital role in Ethiopia’s economy, accounting for 31% of the country\u2019s GDP and 66% of its labor market. Fertilizers are fundamental for the sector, insofar as about half of these products are imported to the OCP Group from Morocco.
\nEn savoir plus sur LA Trade and Development Bank, le groupe OCP, et DLTLEDGERS propulsent le commerce intra-africain d\u2019engrais gr\u00e2ce \u00e0 la blockchain en pleine pand\u00e9mie de COVID-19 Plusieurs milliers de tonnes d\u2019engrais exp\u00e9di\u00e9s du Maroc vers l\u2019\u00c9thiopie dans le cadre de ces transactions pionni\u00e8res de pr\u00e8s de 400 millions de dollars. La Banque de commerce et de d\u00e9veloppement de l\u2019Afrique de l\u2019Est et australe (Trade and Development Bank \u2013 TDB) et le Groupe OCP, premier producteur de phosphate au monde et leader mondial sur le march\u00e9 des engrais phosphat\u00e9s, ont le plaisir d\u2019annoncer 400 millions de dollars en transactions commerciales men\u00e9es via la technologie blockchain, 270 millions de dollars ayant d\u00e9j\u00e0 \u00e9t\u00e9 ex\u00e9cut\u00e9s, avec le reste pr\u00e9vu durant les prochains mois. Le Groupe OCP devient ainsi la premi\u00e8re entreprise africaine \u00e0 ex\u00e9cuter une transaction commerciale intra-africaine utilisant la technologie blockchain. Cette transaction a permis de financer l\u2019exp\u00e9dition d\u2019engrais phosphat\u00e9s du Maroc vers l\u2019Ethiopie. Cette initiative s\u2019inscrit dans la strat\u00e9gie de digitalisation du Groupe visant \u00e0 contribuer notamment \u00e0 la r\u00e9duction du d\u00e9ficit de financement du commerce en Afrique et \u00e0 stimuler le commerce intra-africain, en particulier dans le secteur des engrais, gr\u00e2ce \u00e0 l\u2019inclusion digitale. La technologie blockchain de dltledgers permet \u00e0 toutes les parties prenantes de r\u00e9aliser la transaction num\u00e9riquement et de compl\u00e9ter l\u2019op\u00e9ration d\u2019import- export en moins de deux heures. Les transactions \u00ab papier \u00bb \u00e9quivalentes sont g\u00e9n\u00e9ralement conclues en trois semaines ou plus, en raison du d\u00e9lai n\u00e9cessaire aux fournisseurs pour le transfert de documents physiques \u00e0 l\u2019acheteur via le syst\u00e8me bancaire traditionnel. Avec le ralentissement actuel de la logistique mondiale et des cha\u00eenes d\u2019approvisionnement, les transactions de financement du commerce peuvent prendre jusqu\u2019\u00e0 six semaines, en raison de la fermeture des fronti\u00e8res et des a\u00e9roports qui continue d\u2019engendrer des retards suppl\u00e9mentaires. Dans le cas de cette op\u00e9ration, les parties peuvent t\u00e9l\u00e9charger, afficher, modifier et valider la documentation dans une blockchain priv\u00e9e, simultan\u00e9ment et en temps r\u00e9el. Par ailleurs, la technologie blockchain pr\u00e9sente de nombreux avantages : une empreinte carbone plus faible, des op\u00e9rations plus s\u00e9curis\u00e9es gr\u00e2ce aux technologies de cryptage et de v\u00e9rification, plus de transparence et de tra\u00e7abilit\u00e9, et la r\u00e9duction de risques gr\u00e2ce \u00e0 l\u2019\u00e9limination d\u2019\u00e9ventuelles erreurs et ambigu\u00eft\u00e9s dans l\u2019\u00e9change et la modification des documents. Ces transactions sont r\u00e9alis\u00e9es alors que le commerce global s\u2019est contract\u00e9 de 5 \u00e0 10% en 2020, vis-\u00e0-vis de l\u2019ann\u00e9e pr\u00e9c\u00e9dente, parall\u00e8lement \u00e0 la baisse en demande de financement commercial. TDB a facilit\u00e9 plus d\u2019un demi-milliard de dollars en financement du commerce en \u00c9thiopie en 2020, et a soutenu pr\u00e8s d\u2019un milliard de dollars en importations d\u2019engrais du Groupe OCP vers l\u2019\u00c9thiopie au cours des trois derni\u00e8res ann\u00e9es. TDB facilite le financement du commerce en \u00c9thiopie en fournissant des solutions qui aident \u00e0 r\u00e9pondre aux besoins en devises et permettent l\u2019importation de produits agricoles et \u00e9nerg\u00e9tiques vitaux, notamment les engrais, le bl\u00e9 ou encore le sucre. L\u2019importation d\u2019engrais augmente le rendement des cultures et les niveaux de productivit\u00e9, am\u00e9liore la s\u00e9curit\u00e9 alimentaire, augmente les recettes en devises provenant des cultures commerciales et soutient l\u2019emploi local. En octobre 2019, TDB est devenue la premi\u00e8re institution financi\u00e8re de d\u00e9veloppement africaine \u00e0 conclure une transaction de financement du commerce en utilisant la technologie blockchain, en finan\u00e7ant l\u2019importation de 50 000 tonnes de sucre blanc de l\u2019Inde vers la r\u00e9gion qu\u2019elle dessert. Cette transaction innovante a servi d\u2019exemple \u00e0 l\u2019industrie mondiale du financement du commerce, tout en cr\u00e9ant un mod\u00e8le que TDB a pu r\u00e9pliquer pour d\u2019autres transactions telles que cette transaction intra-africaine. Le Groupe OCP a toujours mis l\u2019accent sur la n\u00e9cessit\u00e9 d\u2019une collaboration intra-africaine pour relever le d\u00e9fi d\u2019une agriculture structur\u00e9e, efficace et durable. Cette coop\u00e9ration s\u2019inscrit \u00e9galement dans le mandat de TDB qui vise \u00e0 promouvoir le commerce intra et inter-r\u00e9gional, ainsi que son int\u00e9gration dans la r\u00e9gion qu\u2019elle dessert et sur le continent, dans la lign\u00e9e des actions de l\u2019AfCFTA (African Continental Free Trade Area). L\u2019agriculture joue un r\u00f4le essentiel dans l\u2019\u00e9conomie \u00e9thiopienne, repr\u00e9sentant 31 % du PIB du pays et 66 % de son march\u00e9 du travail. Les engrais sont fondamentaux pour le secteur, dans la mesure o\u00f9 environ la moiti\u00e9 de ces produits sont import\u00e9s aupr\u00e8s du Groupe OCP depuis le Maroc.<\/p>\n

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Several thousand tons of fertilizer shipped from Morocco to Ethiopia in these pioneering deals of nearly $ 400 million. The Trade and Development Bank of East and Southern Africa (TDB) and OCP Group, the world’s largest phosphate producer and world leader in the phosphate fertilizer market, are pleased to ” announce $ 400 million in<\/p>\n","protected":false},"author":527180,"featured_media":470400,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12040,12046,12065],"tags":[3938,16495,17434,17641,17642,17640,2126,2182],"class_list":{"0":"post-470399","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-international-institutions","8":"category-leaders-en","9":"category-press-releases","10":"tag-blockchain","11":"tag-covid-19-pandemic","12":"tag-development","13":"tag-development-bank","14":"tag-dltledgers","15":"tag-la-trade","16":"tag-ocp","17":"tag-ocp-group","18":"post_format-post-format-aside","19":"pmpro-has-access"},"yoast_head":"\nLA Trade and Development Bank, OCP Group, and DLTLEDGERS Power Intra-African Fertilizer Trade Using Blockchain Amid COVID-19 Pandemic - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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