IFC Asset Management Company has committing up to $35mn in equity to support the modernisation and expansion of HeidelbergCement AG in West Africa, utilising the IFC African, Latin American and Caribbean Fund (ALAC Fund) - a co-investment fund that invests alongside IFC in equity investments in Sub-Saharan Africa, Latin America, and the Caribbean, providing growth capital for private enterprises in these regions.
South Africa's Women Investment Portfolio Holdings and limestone miner Continental Cement have announced a joint venture with the China-Africa Development Fund and Jidong Development Group to build a R1.65bn cement manufacturing plant in Limpopo province.
Tanzanian firm, Tanga Cement Company Ltd (TCC), will construct a second kiln before the end of 2012 to cash in on the growing demand for cement in East Africa
African cement giant Dangote Cement will open more cement depots across Nigeria to drive down the cost of cement in the country and make the product more accessible to consumers
Owner of the Dangote Group and Nigeria's richest man, Aliko Dangote, has revealed his intentions to expand his business interests into Burma and Iraq