50290
SOCOCIM INDUSTRIES
Nov 18, 2024
Senegal
Africa
Jan 15, 2025
B - Limited
Active
Jan 15, 2025
Regional Industry - MAS Africa
Manufacturing
Approved : Dec 18, 2024
Signed : Dec 20, 2024
Invested : Jan 13, 2025
Cement
The proposed investment is a debt facility to Sococim Industries (‘Sococim’, ‘Company’ or the ‘Borrower’), the largest integrated cement manufacturer in Senegal to fund working capital and additional capital expenditures related to kiln modernization at its existing facility near Dakar, Senegal. Sococim is a subsidiary of Vicat S.A, (‘Vicat’, ‘Sponsor’, or the ‘Guarantor’), an existing and strategic client for IFC, and one of the top global cement makers.
IFC’s facility will enable Sococim to replace and modernize part of its existing capacity with a modern fuel-efficient kiln (the ‘Project’) with Best Available Technology. Further, the Project will enable the Company to replace all of its clinker imports.
For Inquiries About the Project, Contact
For Inquiries and Comments About IFC, Contact
Local Access of Project Documentation
Km 33 ancienne route de Thiès, Rufisque – Sénégal.