Burkina Faso’s CIM-METAL Group SA has signed an investment agreement of XOF68.2bn (US$138m) with Burkina Faso for the construction and operation of cement and metal processing plants.

The local cement market will now also be supplied by Cimburkina, in which Germany’s HeidelbergCement has a stake. Cimburkina is expected to bring 0.65Mta of cement capacity online in December, representing an investment of XOF25bn (US$50.6m).