AfDB to boost cement production in the DRC

AfDB to boost cement production in the DRC

Nyumba Ya Akiba Cement project in the Democratic Republic of Congo (DRC) will get a financial aid of $135 million, making it a strong step towards country´s industrialisation through improvement of the cement market.

The project has attracted financial support from African Development Bank (AfDB), Eksport Kredit Fonden (EKF, as guarantor to AfDB), Emerging Africa Infrastructure Fund (EAIF), Habib Bank Ltd (HBL, as lead arranger) and International Finance Corporation (IFC). The signing of the financing agreements signifies the completion of the project´s financing subject to completing the remaining conditions precedent while the construction of the project will be starting with a view to add 1.18 million tonne capacity to the national cement market.

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