BOA-Benin and BOAD raise CFAF 33.2 billion for a cement plant in Sèmè-Podji

On October 1, 2026, in Cotonou, Bank of Africa-Benin and BOAD signed with Société des Ciments du Bénin (SCB) a guarantee document linked to a CFAF 33.2 billion loan. The financing will expand SCB’s plant in Sèmè-Podji with a grinding unit capable of producing one million tonnes. Founded in 1967 by Pierre Amida and known under the Ciment Bouclier brand, the company expects the project to create several hundred direct and indirect jobs. Officials from the two financial institutions and SCB described the investment as an important step toward Benin’s industrialization.