BOAD grants CIMAF Burkina Faso finance

The West African Development Bank (BOAD) has granted XOF6bn (US$10.3m) to Morocco’s Cimenteries de l'Afrique Burkina Faso (CIMAF) for the partial financing of the import of raw materials for cement production. 

Following the commissioning of a plant in Ouagadougo in 2015, CIMAF is building a 0.7Mta grinding plant in Bobo-Dioulasso, reflecting an investment of XOF20bn. The first cement is expected in June 2018.

In addition, the company has also undertaken to double capacity at the Ouagadougou works to 1Mta by 2018 - projects that represents an investment of more than XOF25bn.