--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20240827-yara-sells-ivory-coast-unit-shifts-focus-to-core-african-markets/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # Yara sells Ivory Coast unit, shifts focus to core African markets Publication Date: 2024-08-27T14:00:43-04:00 Last Updated: 2024-08-26T20:10:00-04:00 Author: Elena Shalashnik (https://www.fertilizerdaily.com/author/shea2707/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![Yara sells Ivory Coast unit, shifts focus to core African markets](https://www.fertilizerdaily.com/wp-content/uploads/2024/08/ivory-coast-yara.jpg) Fertilizer giant targets higher-potential regions for growth, assures no job losses in restructuring. Yara International ASA, a global leader in crop nutrition, has announced the divestment of its fertilizer import and distribution subsidiary in Ivory Coast, marking a strategic shift in its African operations. The company completed the sale on August 22, 2024. This decision follows a comprehensive review of Yara’s global operations, with a focus on market dynamics, the regulatory environment, and growth opportunities within the continent. The company has decided to redirect its resources and investments toward countries in Africa that offer greater potential for implementing its 2030 Africa Food Systems Transformation strategy. Luis Alfredo Pérez, Senior Vice President of Yara Africa, highlighted that the divestment is a strategic step aimed at focusing the company’s efforts on markets with the highest potential for success. “To become a true leader in the Food Systems Transformation in Africa, we must adopt a phased approach. Right-sizing our geographical footprint and prioritizing crops and regions with the greatest opportunities for sustainable partnerships will be essential to improving the productivity and profitability of Sub-Saharan smallholder farmers,” said Pérez. Financial Director Wikus Grové noted that streamlining operations and prudent capital allocation are crucial for optimizing returns and enhancing shareholder value. Additionally, Taz Hassim, Human Resources Business Partner for Yara Africa, assured employees that the divestment would not result in job losses, underscoring the company’s commitment to its workforce. Yara’s divestment in Ivory Coast reflects its broader strategy to concentrate on markets that align more closely with its long-term goals in Africa, particularly in the context of the ongoing transformation of food systems across the continent. Tags: [Africa](https://www.fertilizerdaily.com/tag/africa/), [Côte d'Ivoire](https://www.fertilizerdaily.com/tag/cote-divoire/), [crop nutrition](https://www.fertilizerdaily.com/tag/crop-nutrition/), [divestment](https://www.fertilizerdaily.com/tag/divestment/), [investment](https://www.fertilizerdaily.com/tag/investment/), [Ivory Coast](https://www.fertilizerdaily.com/tag/ivory-coast/), [Yara International](https://www.fertilizerdaily.com/tag/yara-international/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.