# Norfund invests $7.5M in CBI Ghana for cement expansion

Norfund made a $7.5 million equity investment in Continental Blue Investments Ghana Limited (CBI) to build a 405,000 tons per annum clay calcination unit at its Tema facility. The project will reduce CO2 emissions and more than double cement production capacity from 555,000 to 1.4 million tons per year.

- Type: Investment
- Announced: 2022-04-21
- Where: Tema, Ghana, Ghana
- Value: $7.50M
- Status: announced
- Capacity: 405,000 tons per annum clay calcination unit; total cement capacity to increase from 555,000 to 1.4 million tons per year
- Products: cement, calcined clay
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Continental Blue Investments Ghana Limited](https://endata.com/companies/62440.md)
- [Norfund](https://endata.com/companies/10604.md) (investor)

## Sources

- [myjoyonline.com](https://www.myjoyonline.com/norfund-invests-7-5m-in-cement-manufacturer-cbi-to-create-jobs-others/), 2022-04-21: "By investing in state-of-the-art technology that cuts emissions, while increasing local sourcing and production, we aim to contribute to development, the company's growth and to climate mitigation."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.