According to the Bank’s website, IFC's proposed investment comprises of up to US$5.4 million “A” loan, US$5.4 million “B” or Parallel loan and a US$10.8 million subordinated loan from IFC acting as the implementing entity of the International Development Association’s Private Sector Window Blended Finance Facility (IDA PSW BFF) for a total financing package of US$21.6 million to Fouta Cement Corporation. This will be used to partially finance the construction and operations of a cement grinding plant in Monrovia. This backward integration project is expected to increase supply of locally produced cement and improve cost competitiveness.
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Fouta Cement Corporation
+231 886511394/+231 886516478
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