CDC Group and Lafarge-Holcim launched a joint-venture named 14Trees which will aim to delevop and boost sales of Durabric, an affordable construction material which is more adapted to environmental concerns.
The joint-venture will start an initial capital of $10.1 million and partners plan to add more funds to support its mid-term growth. However, the Commonwealth Development Group said the objective was to fight deforestation and global warming.
Lafarge-Holcim for its part wishes to enter a market neglected by other competitors in the region, these include Gemran HeidelbergCement and Dangote Cement. The Durabric was tested in Rwanda, Tanzania and Zambia. By using it, construction costs can be reduced by about 25%. The two partners are now thinking of expanding the product’s reach to all of sub-Saharan Africa where millions of people lack means to build a decent and environment-compatible house.
Idriss Linge
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
BOAD plans 750 billion CFA francs financing for Burkina Faso Funds to support key sectors and Rel...
Yassir moves into media distribution in France with the acquisition of Paris-based adtech firm Kaw...
Cameroon banana exports jump 36% to 27,674 tons in January Growth driven by French group subsidiaries PHP and CDBM Compagnie Fruitière dominance to...
Nigerian insurers Guinea, Sovereign Trust seek 10.8bn naira capital Guinea launches rights issue; Sovereign Trust awaits NGX approval Raises aim meet...
Djibouti receives a $35 million grant to expand rural access to drinking water The project will benefit over 120,000 people and strengthen...
DeAfrica is training 1,068 participants from 45 African countries in AI The program aims to prepare youth for a fast-evolving AI-driven economy The...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...