Investment Immigration to Bissau Learn about Bissau Economic News: According to reports, the World Bank is currently analyzing the feasibility of investing in the construction of a cement plant project in Guinea-Bissau, with a proposed annual production capacity of 200,000 tons. The project is jointly financed and constructed by Senegalese businessman Maxime Cardoz and Scancem (a subsidiary of the German cement and building materials company HeidelbergCement, one of the world's largest cement manufacturers). However, a loan of 11 million euros is still required, which is equivalent to half the cost of the project. The International Finance Corporation (IFC), a subsidiary of the World Bank Group, is currently reviewing the project. At present, most of the cement in Guinea-Bissau needs to be imported from neighboring countries such as Senegal and Guinea-Conakry.
