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Infrastructure needs to be manufactured locally

Country

Democratic Republic of Congo

Sector

Infrastructure Components and Equipment

Senior Debt Provided

US$24 million

It is at least 40 years since the Democratic Republic of Congo (DRC) had a new large cement plant. It is a sign of confidence in the economy that a private sector foreign direct investor decided to build a new facility.

Emerging Africa Infrastructure Fund played a central role in bringing together a finance group and subsequently filled a funding gap. A 50/50 joint venture by Lucky Cement and the RAWJI Group, the US$225 million funding package will see the construction of a plant producing 1.8 million tonnes a year. With a dependable local source of supply, the construction and development sectors can plan with greater confidence. Components for infrastructure that need cement can now be manufactured locally. 600 people will construct the plant and 300 employed full time when complete. It is estimated that the plant will provide the DRC’s public finances with income tax receipts of some US$24 million a year.

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The Emerging Africa Infrastructure Fund has to date invested in 58 projects in 17 countries.

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