Diamond Cement secures US$22.5m loan from African Development Bank for grinding pant in Guinea

Written by Global Cement staff 01 June 2017

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Guinea: Diamond Cement Guinea has been awarded a US$22.5m loan from the African Development Bank (AFDB) to build a 0.5Mt/yr cement grinding plant at Souguta. Overall the AFDB has pledged around US$37.5m for the project to the cement producer’s owner Wacem, according to African Manager financial news service. The AFDB previously part-financed a 0.5Mt/yr plant in Conakry with a value of US$15m.

Last modified on 07 June 2017

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