The African Development Bank (AfDB) and the OCP Group signed an agreement on May 22, 2026 in Rabat for a partial credit guarantee of €450 million. This financial mechanism aims to support the implementation of the 2023-2030 investment program of the world leader in phosphate fertilizers, focusing on industrial decarbonization, sustainable water management, and the integration of renewable energies.
This operation enables Société Générale and BNP Paribas to mobilize a green financing envelope of €530 million. These resources are specifically intended to support the industrial and energy projects planned by the Moroccan group, while facilitating access to long-term capital from international institutions.
This is the first operation of its kind carried out in Morocco, illustrating the increasing use of climate financing instruments by multilateral banks. This initiative is part of AfDB’s strategy to mobilize capital on a large scale and develop resilient infrastructure that creates value within the African space.
According to Achraf Tarsim, head of AfDB’s country office in Morocco, this agreement leverages the institution’s AAA credit rating to accelerate the production of low-carbon fertilizers. These investments are presented by both parties as essential strategic levers to strengthen food security across the African continent.
