DOUALA : Egin secures nearly CFAF 6 billion in financing to boost production

(LVDE) – In a strategic move to strengthen its market position, Egin S.A. has secured CFAF 5.8 billion in financing to expand its cement production and storage capacity in Douala.

The Cameroonian industrial sector takes a new step forward with the announcement of this significant funding granted to Egin. On August 19, 2025, in Douala, Kaiafas Georges Kyriakos, CEO of Entreprise Générale Industrielle (Egin), and Dieudonné Evou Mekou, President of the Development Bank of Central African States (BDEAC), signed a CFAF 5.8 billion financing agreement. The funds will be used to increase the production and storage capacity of the company’s cement grinding plant, located in the industrial zone of the Douala Autonomous Port (PAD).

This financing marks the third phase of continuous support from BDEAC to Egin. Under its 2017–2022 Strategic Plan, the bank had already provided CFAF 3.5 billion in 2019, reaffirmed in 2020, to help the company scale up its production capacity. At the time, the goal was to raise annual cement production from 100,000 to 300,000 tons, in response to rising demand in the Cameroonian market.

In its 2023 annual report, BDEAC highlighted the importance of this expansion project. While no exact figure was disclosed, it mentioned that four flagship projects in the industrial and agro-industrial sectors had been financed for a total of CFAF 11.1 billion. Among these, the Egin cement plant expansion stood out, aiming to raise its production capacity from 200,000 to 500,000 tons per year, while also improving storage facilities. This ambitious CFAF 19 billion project promises to deliver higher-quality cement at competitive costs, addressing the strong demand in Cameroon.

Since its creation in 2011, with share capital of CFAF 150 million mostly held by Egin Holding, the company has diversified into several sectors, ranging from glass manufacturing to ceramic products. In 2017, Egin entered the cement market with its “Lion” brand, which quickly gained recognition.

The expansion of Egin’s production capacity comes at a time when cement demand in Cameroon continues to grow, driven by rapid urbanization and ongoing infrastructure projects. Authorities and industry players agree that boosting local cement production is crucial to reducing import dependence and stabilizing prices.

The signing of this financing agreement is therefore a decisive milestone for Egin, consolidating its market position and preparing it for new challenges. By increasing its output, the company not only aims to meet growing demand but also to contribute to regional economic development by creating jobs and supporting local businesses.

Esther Grace