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IFC Finances Low-Carbon Cement Expansion in Africa

US$48 million loan to back investments in Burkina Faso, Chad and Mali.

October 11, 2023

By Sneha Abraham
The IFC has agreed to providing a green loan of up to €45 million (US$47.7 million) to four subsidiaries of Morocco's OIP with the aim of increasing the availability of low-carbon cement in Burkina Faso, Chad and Mali. OIP is the holding company of Ciments de l'Atlas (CIMAT) in Morocco and

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