The African Development Bank Group has approved a non-sovereign partial credit guarantee of up to €450 million to support Morocco’s Office Chérifien des Phosphates (OCP) Group, enabling it to raise up to €530 million in long-term funding from international financial institutions. This marks the first time such a financing instrument has been launched in Morocco and will channel resources through OCP’s green finance framework to support its 2023–2030 Green Investment Programme.
“By leveraging our AAA rating to attract international capital, we are supporting OCP Group’s transition toward low-carbon fertiliser production, renewable energy development, and sustainable water management—key pillars for food and climate security across the continent,” said Achraf Tarsim, African Development Bank Country Manager for Morocco.
The funding will back projects aimed at reducing greenhouse gas emissions, enhancing clean energy solutions, and improving operational efficiency in water and energy management. It will also support initiatives focused on soil health and sustainable agricultural practices. The green investment portfolio is expected to help avoid over 43 million tonnes of CO₂ emissions between 2026 and 2038, while creating thousands of jobs, particularly benefiting youth and women.
This initiative aligns with the African Development Bank’s Four Cardinal Priorities, particularly its goals to unlock Africa’s financial potential and mobilise capital for sustainable development, as well as to develop resilient, value-creating infrastructure. As a strategic international player, OCP Group continues to contribute significantly to the sustainable development of the agricultural sector across Africa and globally.
