Strategic partnership boosts Gabon’s construction sector
On May 20, 2026, at the Palais Rénovation in Libreville, a landmark agreement was signed between Anas Sefrioui, CEO of Ciments de l’Afrique (CIMAF), and Brice Clotaire Oligui Nguema, Gabon’s transitional president. The €40 million investment deal aims to modernize the Owendo cement plant by adding a third production line, addressing the surging local demand for construction materials driven by the country’s major infrastructure projects.
Government takes larger stake in CIMAF Gabon
This investment goes beyond industrial development, signaling a shift in corporate governance. The Gabonese government is increasing its stake in the local CIMAF subsidiary to 20%, up from 10% secured in December 2025. This move grants Libreville direct oversight and aligns with the nation’s economic strategy implemented since August 2023, which transforms substantial foreign investments into shared national ventures.
CIMAF shifts focus to African growth markets
For CIMAF, this strengthened partnership marks the completion of its strategic realignment. Under Anas Sefrioui’s leadership, the Moroccan group is gradually exiting the European market, as evidenced by the simultaneous announcement of its French cement plant divestment. With European markets facing saturation and regulatory pressures, the company is pivoting toward Africa, where urbanization and infrastructure needs—including roads, bridges, and housing—remain vast and unmet.
Morocco expands economic influence in Central Africa
This deal also reflects a broader evolution in Morocco’s economic footprint. While Moroccan private sector giants have historically concentrated their African operations in West Africa, they are now venturing into Central Africa’s industrial sectors. For Gabon, traditionally reliant on oil revenue, this public-private partnership serves as a testbed for industrial diversification. It combines Moroccan private capital, Gabonese public oversight, and regional economic integration to foster sustainable growth.
