The Gabon cement industry is set for a major transformation after CIMAF, led by CEO Anas Sefrioui, finalized a €40 million investment agreement with the transitional government of President Brice Clotaire Oligui Nguema. The landmark deal, signed on May 20, 2026, at the Libreville Palais Rénovation, will fund a critical upgrade to the Owendo plant, including the addition of a third production line to meet surging demand driven by the country’s large-scale infrastructure projects.
This strategic move goes beyond mere industrial expansion. The Gabonese authorities are seizing the opportunity to deepen their involvement in the sector by increasing their stake in the local CIMAF subsidiary to 20%. This follows an initial 10% acquisition in December 2025 and aligns with Libreville’s broader economic doctrine implemented since August 2023. The policy aims to convert major foreign investments into national co-ownership ventures, ensuring direct oversight and shared benefits for the country.
For CIMAF, the deal represents a pivotal step in its global strategic pivot. The Moroccan group, under Anas Sefrioui’s leadership, is progressively exiting the European market, as evidenced by the simultaneous announcement of its exit from its last French cement facility. With European markets maturing and facing intense competition, the company is redirecting its focus toward Africa, where demand for urbanization and essential infrastructure—roads, bridges, and housing—remains insatiable.
The partnership also underscores a shift in Morocco’s economic footprint across the continent. While Moroccan conglomerates have long dominated West African markets, this collaboration signals a deeper push into Central Africa’s industrial sectors. For Gabon, traditionally reliant on oil revenues, this public-private partnership serves as a test case for diversifying its economy. By combining Moroccan private capital, Gabonese public oversight, and regional economic integration, the initiative could pave the way for sustainable industrial growth beyond extractive industries.
