The Bank is committed to supporting the efforts of African countries to fast-track industrialization. It is working with its development partners to address the challenges of industrialization through operations that promote the development of all sized enterprises and productivity along international value chains. The Bank also continues to deliver on key infrastructure projects that catalyze private sector investments and also provides support for businesses.
Overview of recent industrialization project
Ethiopia: Derba Midroc Cement Plant
The Derba Midroc Cement plant project, located 70 km north of Addis Ababa, was approved in November 2015. It involves mining the Derba-Mugher limestone deposit of 165 million tons of limestone and treating it in a cement plant.
Madagascar: Ambatovy mining project
The Ambatovy mining project exploits one of the world’s largest lateritic nickel mines with an annual production capacity of 60,000 tons of nickel and 5,300 tons of cobalt.
Nigeria: Indorama Fertilizer Plant
Nigeria has relied heavily on imported fertilizers to meet 80% of its national demand. This situation is set to change with the Indorama Fertilizer Plant, which will transform Nigeria from a net importer of fertilizer to a major producer and exporter.
Morocco: Office Chérifien des Phosphates (OCP Group)
The project relates to the expansion of OCP Group’s industrial facilities at Jorf Lasfar, a deep-water commercial port on Morocco’s Atlantic coast. In 2014, an industrial unit was launched with an annual capacity of one million tons of fertilizer dedicated to the African market.