Lafarge inks Democratic Republic of Congo cement deal

Lafarge inks Democratic Republic of Congo cement deal
09 July 2010

Democratic Republic of Congo (DRC)’s Katanga Province and Lafarge Cement yesterday signed a K5trn (US$1bn) agreement for the supply of cement to the DRC region that is undertaking massive construction works.

Katanga Governor Moses Katumbi signed the cement purchase deal on behalf of his provincial government while Lafarge Cement operations manager, Elililia Usiri represented the company’s management during the signing ceremony held at the Ndola cement plant in Zambia.

Mr Katumbi said the more than 50,000t of cement would be used for a US$3bn infrastructure reconstruction programme under which schools, hospitals, a drainage system and road infrastructure were being reconstructed.

The DRC government had embarked on a nationwide infrastructure development programme after the country’s cooperating partners wrote off a US$10bn debt when the country attained the Highly Indebted Poor Countries (HIPC) completion point.
Published under Cement News