China National Building Materials (CNBM) - June 2017

This month saw the Chinese government commit US$2bn to Ghana’s ‘One District, One Factory’ programme, an initiative designed to establish at least one viable factory in all 216 districts in Ghana as part of a drive to provide jobs and transform the country’s economy. Under the funding facility agreement, China National Building Materials and Equipment Import and Exports Corporation (CNBM) will provide up to 85 per cent of the financing of viable projects recommended by the ‘One District, One Factory’ programme. CNBM will also construct the factories for beneficiary companies, including providing them with the necessary equipment on a turnkey basis.