African Development Bank Group and OCP Group Sign €450 Million Partial Credit Guarantee to Accelerate Industrial Transition in Morocco
Morocco, May 22 -- The African Development Bank Group and OCP Group signed an agreement in Rabat on 22 May 2026 for a partial credit guarantee amounting to €450 million, aimed at supporting the investment programme of the world leader in plant nutrition solutions and phosphate-based fertilisers.This operation is designed to facilitate the mobilisation of a €530 million green financing facility by Societe generale and BNP Paribas.The signing of this agreement marks a key milestone in implementing OCP Group's 2023-2030 investment programme. It will help secure long-term financial resources from international financial institutions and pave the way for the effective deployment of planned investments.The first mechanism of its kind ...
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