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African Potash invests in Blenheim Natural

Published: 10:05 16 Dec 2015 GMT

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"African Potash is delighted to invest in Blenheim"

Chris Cleverly, African Potash’s (LON:AFPO) executive chairman, has joined the board of Blenheim Natural Resources (LON:BNR) as a non-executive.

His appointment follows African Potash subscribing for 8.75mln shares in a placing at 0.8p that raised £640,000 for Blenheim.

Cleverly said: "African Potash is delighted to invest in Blenheim.

“Africa remains one of the fastest growing regions in the world and according to the African Development Bank, the size of Africa's food and agribusiness will be 1 trillion dollars by 2030 and foreign direct investment into this sector will increase to US$45bn by 2020.  

“We intend to be at the forefront of this trend and the relationship between African Potash and Blenheim is a positive step towards identifying potential opportunities."

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