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African Potash chair: Comesa deal will give shareholders a revenue business

The chairman of African Potash (LON:AFPO), Chris Cleverly, says as much as US$1-3mln worth of revenue from the firm’s initial fertiliser trade deal with Comesa could come through in the next couple of months.

African Potash (which is still at the pre-revenue stage) along with crowd-funding group Mask Africa will work to supply Comsea - a free trade union of twenty African countries – with 500,000 tonnes of fertiliser a year which would then be sold to farmers.

Speaking to Proactive, Cleverly said the first deal will be for 50,000 tonnes and could be wrapped up in two months’ time.

“We’re going to source the best product, source the best price, take a margin, sell it on and give shareholders a revenue business,” said Cleverly.

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