IFC, Proparco and Emerging Africa Infrastructure Fund (EAIF) are partnering with Ciments de l’Afrique (CIMAF), a subsidiary of Omnium des Industries et de la Promotion (OIP), to help the company boost its production of cement in West Africa to meet growing demand for housing and infrastructure in the region.

IFC arranged a €161.25 million financing package for CIMAF, which includes a loan of €92.5 million from IFC’s own account, a parallel loan of €33.75 million from Proparco...