The African Development Bank grants OCP a guarantee of €450 million to support its green investment program
On Wednesday, the African Development Bank announced the approval of a non-sovereign partial credit guarantee worth €450 million for the OCP Group, marking the first of its kind in Morocco. This guarantee aims to facilitate the group’s access to green international financing that could reach up to €530 million, in line with its sustainable financing framework.
This initiative supports the Green Investment Program 2023-2030 launched by OCP, focusing on the development of low carbon footprint fertilizers, enhancing the shift towards renewable energy, and adopting more sustainable practices in water resource management.
Achraf Tarsim, the Resident Representative of the African Development Bank in Morocco, emphasized that this operation benefits from the institution’s AAA credit rating to mobilize international capital supporting OCP’s transition towards sustainable production, considering this a “critical factor for food and climate security in Africa.”
The anticipated financing will contribute to reducing greenhouse gas emissions, increasing energy and water efficiency, and maintaining soil health, alongside promoting sustainable agriculture. The green investment, backed by this guarantee, is expected to prevent over 43 million tons of CO₂ emissions between 2026 and 2038 and create thousands of job opportunities for youth and women.
This operation falls under the priorities of the African Development Bank aimed at mobilizing financial resources for the continent, attracting investments for sustainable development, and enhancing infrastructure capable of creating added value.
