The African Development Bank (AfDB) announced on Wednesday the approval of a partial €450-million non-sovereign credit guarantee aimed at supporting the OCP Group in implementing its 2023-2030 green
investment programme.
This innovative mechanism is the first of its kind in Morocco, confirming the Kingdom’s pioneering role in sustainable finance in Africa.
This guarantee will allow the Moroccan group to raise up to €530 million from international financial institutions to finance its environmental transition projects.
Deployed for the first time in Morocco, this mechanism aims to secure long-term financing aligned with OCP’s green finance framework. The funds mobilized will support investments aimed at reducing greenhouse gas emissions, developing renewable energy, and strengthening operational efficiency, particularly in water management.
They will also support initiatives to preserve soil health and promote sustainable agricultural practices.
“By leveraging our AAA rating to mobilize international capital, we are supporting the OCP Group’s transition to low-carbon fertilizer production,” said Achraf Tarsim, AfDB Country Manager for Morocco, in the press release.
He added that these investments contribute to food and climate security goals on the African continent.
According to the AfDB, the operation will avoid more than 43 million tonnes of CO₂ emissions between 2026 and 2038, while also creating thousands of jobs, particularly for young people and women. The
pan-African institution’s support is part of its commitment to the energy transition and sustainable industrial development in Africa.
MK/AK/fss/gik/APA
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