PROJECT

Projects

Summary of Investment Information

Project Number

48453

Company Name

OMNIUM DES INDUSTRIES ET DE LA PROMOTION

Date SPI Disclosed

Sep 6, 2023

Country

Western Africa Region

Region

Africa

Projected Board Date

Oct 6, 2023

Environmental Category

B - Limited

Status

Active

Last Updated Date

Oct 25, 2025

Department

Regional Industry - MAS Africa

Industry

Manufacturing

Previous Events

Approved : Oct 6, 2023
Signed : Oct 9, 2023
Invested : Aug 12, 2025

Sector

Cement

Project Description

The Project entails a proposed IFC green loan facility of up to EUR45 million to subsidiaries of the Omnium des Industries et de la Promotion Group (OIP, and together with its subsidiaries, the Group), a leading cement producer in Morocco and West Africa, to support the green capex program of the Group in the Sahel. The Project, whose primary objective is to finance climate investments, will be implemented through Ciments de l'Afrique (CIMAF), the Group’s sub-Saharan African subsidiaries, and will include the construction of a limestone calcined clay cement (LC3, a low-carbon cement) plant in Burkina Faso and solar PV projects in Burkina Faso, Chad, and Mali, aiming to promote the decarbonization of the Group’s operations.

Associated Advisory Engagement

 IFC’s advisory services has signed an advisory engagement letter with the Group in July 2023 to assist it in developing a decarbonization roadmap and a green financing framework and obtain a second-party opinion (SPO) to facilitate the green loan structure for the Project.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation