CIMAF West Africa (IFC-42046)

  • Africa
Geographic location where the impacts of the investment may be experienced.
  • Ghana
  • Mali
  • Senegal
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Construction
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Loan Amount (USD)
$ 201.18 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 165
Converted using 2021-05-28 exchange rate.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 15, 2021

Disclosed by Bank May 28, 2021

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank website, the proceeds of the funds will be to support the following activities: Senegal: Construction of a greenfield integrated cement plant of CIMAF other regional grinding plants. Additional associated infrastructure including rehabilitation of an existing 2 km access road, installation of 6 power substations and an optional transmission line, in Pout, about 50 km from Dakar, the capital city of Senegal. The integrated cement plant is located on 520-ha site which contains limestone reserves. Transfer of limestone from the quarry will be via trucks along an internal 1 km road to the limestone crusher located within the confines of the plant;Mali: Addition of cement grinding capacity to the existing grinding plant located in Dio Gare, 35 km from Bamako, the capital city Mali; the plant has been operational since 2016; Ghana: Addition of cement grinding capacity to an existing grinding plant located in Tema, a major port area, 30 km outside Accra, the capital city Ghana; this plant has been operational since 2017. The CIMAF Senegal project area already has two existing cement plants within a 5 km radius, a phosphate quarry about 1.5 km from the site, some nine separate villages are located between 1 km and 5 km from the proposed plant location to the north and west of the site. A national road traverses the southern part of the site, about 2 km away. Construction of the cement plant in Senegal and the expansion of the grinding plants in Mali and Ghana is expected to commence within the next 24 months.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

The Omnium des Industries et de la Promotion (OIP) Group (“the Sponsor” or the “Group”) is one of Africa’s leading cement companies. The Group is composed of three main divisions, Ciments de l'Atlas (CIMAT) - the Group’s oldest subsidiary which operates the Group’s cement operations in Morocco; Ciments de l'Afrique (“CIMAF” or the “company”) which includes all the Group’s operating companies (OPCOs) in Africa (other than Morocco) of which there are a total of 17. Included therein are 13 operating grinding plants in 11 countries within West & Central Africa and France.

Contact Information
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Project contacts are not available at the time of disclosure.


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