Africa’s race to control its own industrial future is accelerating, and Morocco’s CIMAF is placing one of its biggest bets yet on Gabon.
The Moroccan cement producer will invest more than $45 million in a major expansion of its operations in the Central African country, deepening a continental push to reduce import dependence and capture more value from Africa’s construction boom.
The investment includes a third cement production line at CIMAF’s Owendo facility near Libreville and a significant expansion of clinker production capacity, the critical raw material used in cement manufacturing.
The project was presented to Gabonese President Brice Clotaire Oligui Nguema in Libreville by CIMAF chief executive Anas Sefrioui.
The timing is strategic.
