Sierra Leone: IFC Provides $24m to Fund Sierra Leone’s First Cement Plant in Decades

• The IFC is investing $24 million in MACCEM Industries SL Limited to build Sierra Leone’s first cement grinding plant in more than 40 years
• The package includes a $12 million loan from IFC’s own account and an additional $12 million from the IDA20 IFC-MIGA Private Sector Window Blended Finance Facility
• The new plant, to be located in Freetown, will have a production capacity of 657,000 tons per year

The International Finance Corporation (IFC) is investing $24 million in MACCEM Industries SL…