Yara announces its official exit from Côte d'Ivoire

Yara International ASA, a leading player in crop nutrition, has announced the divestment of its fertilizer import and distribution subsidiary in Ivory Coast. This strategic decision follows a comprehensive evaluation of market conditions, regulatory landscapes, and growth opportunities, as part of Yara’s 2030 Africa Food Systems Transformation strategy.

Yara's exit from Côte d'Ivoire comes after its previous divestment from Cameroon, where it sold its 65% majority stake in Yara Cameroon to NJS Group in July 2023.

Luis Alfredo Pérez, SVP Yara Africa, emphasized the need for a phased approach to achieve their goals, stating, “Right-sizing our geographical footprint allows us to focus on regions with the highest potential for establishing impactful partnerships and driving sustainable improvements.”

Wikus Grové, Financial Director Yara Africa, added, “This disciplined strategy will enhance shareholder value and position our company for sustained success in the years ahead”

Taz Hassim, HRBP Yara Africa, assured that “no jobs will be lost due to this decision. We remain committed to our employees, who are integral to our success.”