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IFC, Sococim Partner on Low-Carbon Cement Production in Senegal

admin by admin
March 3, 2023
in Gold News


The International Finance Corporation (IFC) has signed an agreement with Senegalese cement manufacturer Sococim for the decarbonization of the industrial sector in Senegal. The partnership aims to boost the low-carbon production of cement, thereby reducing emissions across the hard-to-abate industry. The IFC has arranged a $256 million financing package for Sococim, comprising a $122.4 million loan from the IFC’s personal account as well as $129.6 million in loans from Société Générale Sénégal; CBAO Groupe Attijariwafa Bank; Banque Internationale Pour Le Commerce et I’Industrie du Sénégal and Ecobank.



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