The African Development Bank and Morocco's OCP Group have signed a €450 million agreement to fund low-carbon industrial projects. This deal provides a partial credit guarantee to support renewable energy integration and the production of sustainable fertilisers across Africa. The initiative aims to reduce greenhouse gas emissions in phosphate production and improve water security through desalination and recycling. By leveraging international capital, the partnership seeks to strengthen food security while transitioning Morocco's industrial base to a green energy model.
