Cement News tagged under: West African Development Bank

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CimCo to receive loan for Togo project

29 September 2020, Published under Cement News

Cimenterie de Côte Ouest-Africaine (CimCo) is expected to receive a XOF20bn (US$35.62m) loan from the West African Development Bank (BOAD) for its project in Lomé, Togo. The long-term facility was approved by the bank’s board of directors last Friday. "The targeted goal is to contribute to the satisfaction of cement demand in Togo and the region by taking advantage of the geographic location of the port of Lomé, as well as to contribute to the country’s economic growth by boosting the comp...

Third line finance for Ciments du Sahel

23 March 2018, Published under Cement News

The West African Development Bank has approved a XOF25bn loan to help fund a third production line at Ciments du Sahel’s plant in Kirène, near Rufisque, Senegal. The new integrated line will have a capacity of 2.7Mta and increase current capacity at the plant to 5.9Mta. Currently, Dangote Industries Senegal is building a 1.5Mta expansion at its 1.5Mta Pout works. When both projects come to fruition, Senegal’s total cement capacity will rise to 12.4Mta. Domestic cement demand is ex...