50039 - CBI GhanaLC3

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Summary of Investment Information

Project Number

50039

Company Name

Continental Blue Investment Ghana Limited

Date SPI Disclosed

Aug 27, 2025

Country

Ghana

Region

Africa

Projected Board Date

Sep 30, 2025

Environmental Category

B - Limited

Status

Hold

Last Updated Date

May 6, 2026

Department

Regional Industry - MAS Africa

Industry

Manufacturing

Previous Events

Approved : Nov 24, 2025

Sector

Cement

Additional Project Attributes

Blended Finance

Project Description

The proposed investment is up to US$20 million IFC A-Loan to Continental Blue Investment Ghana Limited (“CBI” or the “Company”), for the operation of a 400,000 tons per year Limestone Calcined Clay production plant, regarded as the largest flash calciner in the world (the Project). CBI is a leading cement producer in Ghana and recently completed the expansion of its cement grinding capacity from 0.6 million tons per year (mtpy) to 1.4 mtpy. This financing will support the implementation of the Project to ramp up the production of Limestone Calcined Clay Cement (LC3) in Ghana. The Project is aimed at expanding and localizing cement production by partially substituting imported clinker with the calcined clay, thereby significantly reducing CO2 emissions and catalyzing a shift toward more sustainable cement production in the region.

Associated Advisory Engagement

The financing is also supported by an IFC Advisory Engagement, whereby IFC is supporting the Company in assessing opportunities to access carbon markets and generate carbon credits linked to its low-carbon cement production. The engagement includes evaluating greenhouse gas emissions baselines, identifying emission reduction potential through the use of calcined clay, analyzing project additionality, and aligning with eligibility requirements of Article 6 and voluntary carbon market off-takers. This support aims to enhance the Company’s climate credentials and improve the overall financial viability of the Project.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	20.0
Equity

Development Impact

The Project is expected to deliver strong development impact by fostering inclusive economic growth, enhancing environmental sustainability, and promoting market innovation in Ghana’s cement industry. The Project will generate both direct and indirect employment and stimulate local supply chains. By substituting clinker with locally available calcined clay, the Project will reduce reliance on imported materials, lower production costs, and contribute to more affordable cement in Ghana. The Project will reduce greenhouse gas emissions associated with cement production, aligning with Ghana’s climate goals. Its innovative production process meets global standards and is expected to catalyze broader market transformation by encouraging other industry players to adopt similar low-carbon technologies.

Indicator	Metrics	Comments	Calendar Year 2022	Calendar Year 2023	Calendar Year 2024
Direct Employment (#) Operations And Maintenance	individuals		Not Available	Not Available	Not Available

E&S Category Rationale / Risks and Mitigation

This is a Category B project according to IFC’s Policy on Environmental and Social Sustainability, as the proposed project is expected to have limited adverse environmental and social risks and impacts that are few in number and site-specific and can be avoided or mitigated by adhering to recognized performance standards, good international industry practices and guidelines as described in the following sections.

Key E&S risks and issues associated with this project include: (i) the company’s E&S management and monitoring systems to assess E&S risks of its operation; (ii) assurance of fair, safe and healthy working conditions for staff and contractors during construction and operation; (iii) construction phase risks and impacts including that related to contractor management, OHS, and community safety; (iv) monitoring and management of air emissions, waste, wastewater, and hazardous material; (v) emergency preparedness and response plan, including life and fire safety; (vi) stakeholder engagement and external grievance mechanism (vii) traffic management plan, (viii) quarry management and reclamation plan, and (ix) economic displacement and livelihood restoration plan.

Contacts

For Inquiries About the Project, Contact

CBI Ghana Ltd
Frederic Albrecht
Chief Executive Officer
+233244310707
f.albrecht@cbi-africa.com
P. O Box CT 8140, Cantonments, Accra, Ghana
https://cbighana.com/

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This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. Its purpose is to enhance the transparency of IFC’s activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the project sponsor. IFC considers that this SII is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed in advance of IFC Board of Directors’ consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors’ decision. The following SII is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

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