Africa Business Europe Finance Headlines International Morocco

CIMAF gets €161.5m loan from IFC, EAIF & Proparco to expand operation in Mali, Senegal & Ghana

Ciments de l’Afrique (CIMAF) a subsidiary of Morocco-based Omnium des Industries et de la Promotion (OIP) has landed a €161.5-million loan from the International Financial Corporation (IFC), French-government-owned Proparco, and Emerging Africa Infrastructure Fund (EAIF) earmarked to increase capacities of its grinding plants in Mali, Ghana, and to launch a state-of-the-art integrated cement plant in […]

Africa International

Burkina Faso: Moroccan Addoha Group Launches Construction of New Cement Plant

Morocco’s Addoha group has launched, through its subsidiary CIMAF, the construction of a new cement plant with an output capacity of 700,000 tons per year. The plant, located in Bobo-Dioulasso, the second the city of the West African country, will cost about €25 million and will be completed in 18 months. The new plant will […]

Headlines Morocco

Côte d’Ivoire–Morocco: CIMAF Doubles Cement Output

Moroccan cement factory CIMAF based in Côte d’Ivoire will double its cement output as it inaugurated earlier this week its second production line expected to yield 500,000 tons. The launch of the new line comes as the West African country is confronted with a shortage of cement due to various ongoing infrastructure projects initiated over […]

Africa Features Headlines International Morocco

Morocco-Côte d’Ivoire, a forward-looking partnership

King Mohammed VI who is currently on a friendship and work visit to Côte d’Ivoire and President Alassane Ouattara are scheduled to have summit talks this Monday in Abidjan before the two leaders chair over the signing ceremony of several cooperation agreements meant to give a new impetus to the economic relations between the two […]