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President Macron’s state visit: Exploring the agreement signed by OCP Group, AFD, and Bpifrance

October 30, 2024December 3, 2024
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President Macron’s state visit: Exploring the agreement signed by OCP Group, AFD, and Bpifrance

Sealed on the occasion of President Macron’s state visit, this partnership aims to support the decarbonization of Morocco’s industrial fabric and the development of sustainable, inclusive agriculture that respects the environment and biodiversity, in the interests of food security on the African continent. Fully in line with the strategic plans of the three signatory entities, it aims to support, through the use of financing, investment, and guarantee tools, strategic projects developed by OCP Group in collaboration with French companies, emphasizing the three institutions in a joint press release.

The memorandum of understanding also covers the creation of a €50 million investment fund by BPI France and InnovX, a subsidiary of University Mohammed VI Polytechnic (UM6P), itself owned by the OCP Foundation, to invest in funds supporting innovative start-ups, SMEs and ETIs in Africa in the agricultural and agri-food sectors, as well as in green energies.

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