On May 20, 2026, at Libreville’s Palais Rénovation, 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 will modernize the Owendo cement plant and introduce a third production line, addressing the surging demand for construction materials driven by the country’s expanding infrastructure projects.
Strategic partnership reshapes Gabon’s industrial landscape
The deal goes beyond mere industrial expansion. It signals a shift in how Gabon engages with foreign investors. The government is increasing its stake in the local CIMAF subsidiary to 20%, up from 10% secured in December 2025. This move grants Libreville greater oversight, aligning with a national economic strategy adopted in August 2023. The policy aims to convert major foreign investments into joint ventures with domestic ownership, ensuring lasting economic benefits.
CIMAF pivots toward high-growth African markets
For CIMAF, the strengthened Gabon partnership reflects a broader strategic realignment. The Moroccan cement giant is steadily withdrawing from Europe, exemplified by the simultaneous sale of its last French plant. With European markets saturated and regulatory pressures mounting, the company is redirecting its focus to Africa, where urbanization and infrastructure development—roads, bridges, and housing—are creating unprecedented demand.
Gabon’s oil-dependent economy tests new industrial model
This collaboration between Moroccan private capital and Gabonese public oversight serves as a test case for economic diversification. Traditionally reliant on oil revenues, Gabon is exploring new avenues to stabilize its economy. By combining foreign expertise with local governance, the deal positions the country at the forefront of regional industrial integration, paving the way for similar partnerships in Central Africa.
