Tiles: Keda Cameroon mortgaged nearly 28 hectares in Kribi to secure an IFC loan

Keda Cameroon Ceramics, which operates a tile factory in the Kribi region, pledged two plots of land totaling 27.86 hectares in Bipaga I, along with 57 pieces of professional equipment, inventory and certain trade receivables. The assets secure financing of up to $33.5 million granted by the International Finance Corporation (IFC) to the Cameroonian company and its Mauritius-based holding company, Tilemaster Investment Limited. A legal opinion by Kangda Law Firm, published on April 10, 2026, as part of a financial transaction involving Keda Industrial, details the collateral. The plots are in Lokoundjé district, Océan department, and are registered under land titles No. 9745/Océan and No. 9748/Océan.