The International Finance Corporation (IFC) announced a €75 million green loan to Senegal’s largest cement producer, Sococim Industries, to modernise its operations and boost low-carbon cement production.
The investment aims to support Senegal’s construction and housing sectors while reducing greenhouse gas emissions.
The financing will enable Sococim to adopt advanced technologies, including solar and refuse-derived fuels, helping the company cut 312,000 tons of CO2 emissions annually by 2030.
The project is also expected to generate approximately 4,700 indirect and induced jobs along the value chain.
