Morocco’s OCP Gets €450 Million AfDB Guarantee for Green Push

Mintesinot Nigussie

Morocco’s OCP Group has secured a €450 million partial credit guarantee from the African Development Bank Group. The guarantee supports the company’s long-term investment programme focused on low-carbon fertiliser production and sustainable agriculture.

The agreement was signed in Rabat and will help mobilise a wider €530 million green financing facility arranged by Société Générale and BNP Paribas. The funds will support OCP’s 2023–2030 investment programme.

The African Development Bank said the operation will help unlock private capital for projects linked to renewable energy, water efficiency, and greenhouse gas emission reduction. It aligns with the bank’s priorities on energy transition and sustainable resource management.

Achraf Tarsim, AfDB country manager in Morocco, said the agreement reflects continued support for OCP’s investment strategy and enables mobilisation of international capital toward low-carbon production and sustainable water management.

OCP Group CFO Younes Kchia said the financing marks a step toward implementing a low-carbon, circular industrial model and strengthens the company’s capacity to invest in resource-efficient systems.

This deal is expected to enhance food security across the continent through more sustainable fertiliser production.