OCP Group secures US$376M from AFD to advance clean energy, sustainable agriculture in Africa
The landmark agreement aims to accelerate the implementation of its ambitious US$13 billion green investment program for the 2023–2027 period
MOROCCO – OCP Group, a global leader in phosphate-based fertilizers and plant nutrition solutions, has signed a US$376 million (€350 million) financing agreement with the French Development Agency (AFD) to accelerate the implementation of its ambitious US$13 billion green investment program for the 2023–2027 period.
The landmark agreement marks a major step in OCP’s transition toward clean energy and sustainable agricultural practices across Africa and beyond.
The financing, structured as performance-based corporate funding, will support OCP’s strategic objectives to operate entirely on clean energy by 2027 and to meet 100% of its industrial water needs through non-conventional sources such as desalination.
AFD will disburse the funds in tranches based on OCP’s achievement of specific environmental performance indicators, including the expansion of renewable energy capacity, the production of green hydrogen and green ammonia, and the integration of climate and biodiversity metrics into its risk management frameworks.
The US$13 billion program forms part of OCP’s broader decarbonization plan, which targets carbon neutrality by 2040. The Group has already made significant progress, achieving full water autonomy as of early 2025, with non-conventional water, including desalinated and treated wastewater, accounting for 100% of its needs.
By 2027, OCP aims to reach an annual desalination capacity of 560 million cubic meters.
A key component of the investment program includes boosting the production of green fertilizers, which are sustainably manufactured and customized to suit local crop, soil, and climate conditions, particularly across African markets.
Through this, OCP intends to support African farmers with tools and inputs that increase productivity, enhance food security, and contribute to climate adaptation.
In addition to the €350 million financing, OCP and AFD signed another agreement on April 17, 2025, to fund the MAVA platform (Mobilizing for Agricultural Value Chains in Africa), led by INNOVX.
This initiative seeks to mobilize and structure funding mechanisms that strengthen agricultural value chains across the continent by supporting start-ups and scaling innovative food systems solutions.
These joint efforts reaffirm the shared commitment of OCP Group and AFD to foster sustainable, inclusive agricultural development in Africa while advancing the global transition to a low-carbon economy.
Headquartered in Morocco, OCP Group boasts over a century of expertise, a global presence across five continents, and a 2024 turnover exceeding US$9 billion, OCP employs more than 17,000 people and collaborates with over 350 customers worldwide.
Sign up to HERE receive our email newsletters with the latest news and insights from Africa and around the world, and follow us on our WhatsApp channel for updates.
