IFC, Proparco and EAIF provide €161.25M financing to CIMAF for West African cement expansion

IFC, Proparco and Emerging Africa Infrastructure Fund are providing a €161.25 million financing package to Ciments de l’Afrique (CIMAF) to expand cement grinding plants in Ghana and Mali and build a new integrated cement plant in Senegal. The expansion is expected to create over 300 direct jobs.

“We are excited to partner with IFC on an important investment for the group, building our first integrated cement plant outside of Morocco, as well as increasing our grinding capacities in Ghana and Mali.”africaprivateequitynews.com

• 1 source
• africaprivateequitynews.comIFC, Proparco and EAIF back West African cement producerGeorgesNov 19, 2021

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