IFC and partners provide $500 million financing to BUA Cement for new production lines

IFC, AfDB, AFC and DEG provided a $500 million financing package to BUA Cement to develop two new energy-efficient cement production lines in Sokoto State, Nigeria. Each line will produce about 3 million tonnes of cement annually, creating up to 12,000 direct and indirect jobs.

“IFC today made its largest-ever investment in northern Nigeria, providing a financing package alongside African and European partners to BUA Cement Plc.”buacement.com

• 1 source
• buacement.comPress Releases – BUA CementJun 5, 2023

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