New Diamond works receives investment boost, Niger

New Diamond works receives investment boost, Niger
Published: 16 June 2011

The West African Development Bank (BOAD) has announced a contribution of XOF12.5bn (US$27m) to finance the construction of the new cement plant in Niger (NCN-Diamond), whose construction began recently Malbaza (400km northeast of Niamey), APA reported from official sources.



A funding agreement has already been ratified by the President of the BOAD, Christian Adoveland, and the Niger authorities, it was pointed out by sources familiar with the Niger Ministry of Commerce. 

From a total cost of XOF39bn, the cement plant will have a capacity of 540,000tpa.