IFC invests in Mali mineral lime producer CCM

The International Finance Corporation has invested in Carrières et Chaux du Mali (CCM) to help the company increase production of agricultural lime and quicklime.

The investment consists of a loan from IFC and the International Development Association's Private Sector Window (IDA-PSW) of up to €8.92 million equivalent in XOF. It represents IFC's first local currency financing in Mali in support of the manufacturing, agribusiness, and services sectors.

CCM will use the funds to increase its annual production capacity of quicklime from 16,500 tonnes per year presently to 30,000 tonnes by 2023, while developing the capacity to produce 50,000 tonne of agricultural lime per year.