Summary:

On 3 December 2025, the African Development Bank Group (AfDB) approved a €450 million non-sovereign partial credit guarantee to support Moroccan state-owned mining firm OCP Group’s green investment program through 2030.  

This financing instrument, deployed for the first time in Morocco, allows OCP Group to secure a loan of up to €530 million from international financial institutions, aligned with its green financing framework. 

The support targets OCP Group’s transition to low-carbon fertilizer production, renewable energy, and sustainable water management, which AfDB emphasizes are essential for food and climate security in Africa.   

The credit guarantee is expected to facilitate financing for green investments capable of avoiding over 43 million tons of CO₂ emissions between 2026 and 2038, while fostering the creation of thousands of jobs for youth and women. AfDB described the initiative as part of its “high-five priorities” to unlock Africa’s financial potential and attract capital for sustainable development across the continent.  

Outlook: 

With AfDB’s backing, Morocco gains additional momentum to scale its green economy and attract long-term climate-aligned capital. This vote of confidence from the AfDB is a further sign that Morocco continues to position itself on the continent as a leading destination for innovative, environmentally friendly investments. 

The credit guarantee and subsequent investments are expected to accelerate low-carbon fertilizer production and scale up renewable energy and water-efficiency projects in Morocco as such investments remain essential for sustainability. It also paves the way for more structured green financing in North Africa, with strong potential spillover effects on job creation and the potential to attract future investments. 

This initiative is likely to become a reference point for similar green finance mechanisms across the continent, particularly for large industrial actors seeking long-term climate-aligned capital. OCP Group’s status as a state-owned enterprise may also serve as a model for similar investments in other North African states where state enterprises are heavily involved in key industries.  

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