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Proparco has allocated financing to CIMAF to support local cement manufacturing and thereby reduce dependence on imports.
Client presentation

OIP, the parent company of CIMAF, is a leading cement supplier in North Africa and West and Central Africa, with a production of about 12 million tons a year. The group is the third largest cement manufacturer in Morocco where it has two integrated cement plants, mainly    powered by wind energy. CIMAF has 13 grinding plants in 10 African countries: Burkina Faso, Cameroon, Chad, Côte d'Ivoire, Gabon, Ghana, Guinea, Guinea-Bissau, Mali and Mauritania.

Project description

The financing has been arranged by IFC. It will help CIMAF increase the capacity of its cement grinding plants in Ghana and Mali and build a new state-of-the-art integrated cement plant in Senegal. The plant will also produce clinker and a blend of limestone and other minerals used in cement manufacturing, which will reduce the region’s dependence on imports.

Project impact

This new cement plant in Senegal should support 300 direct jobs and 3,800 indirect jobs over the next 5 years, including in quarrying, transport and in other ancillary services. IFC’s financial support will be accompanied with technical assistance to help OIP Group improve its energy efficiency, increase its use of renewable energies and alternative fuels, and reduce its greenhouse gas emissions.

Download the project sheet

This information is given at the time of signature, without prejudice to any developments in the operation/project 
11/02/2021
Date of signature of the project
Industry and Services
Sectors
Senegal
Location
Loan
Financing tool
27 500 000 Euros
Amount of funding
EUR 27.5m loan
Financing details
Ciments de l'Afrique Sénégal S.A.
Client
Senegal
Head office country
PSN1088
Project number
CES