Bernard Koné Dossongui, the founder and controlling shareholder of Atlantic Financial Group (AFG), a monetary holding firm with pursuits in banks and insurance coverage corporations throughout French-speaking Africa, has prolonged his attain into the cement trade by way of Société de ciment de Madagascar. 

This transfer introduces competitors to Cementis, the biggest cement producer on the island. Moreover, Dossongui’s possession consists of Societe Ciment Cote d’Ivoire (SCCI), a cement plant situated in Cote d’Ivoire.

In line with an official submitting on the Financial Growth Board of Madagascar’s web site, Bernard Koné Dossongui’s newest enterprise, backed with a capital of 1.3 billion Ariary ($285,000), will undertake the institution and operation of cement, lime, and associated hydraulic binder services in Madagascar, with potential plans for growth into different international locations. 

The corporate’s scope encompasses numerous capabilities, together with manufacturing, commerce, and the utilization of hydraulic binders and building supplies.

What it’s best to learn about AFG

Established in 2006 by Dossongui, AFG is a holding firm with various investments spanning banking, insurance coverage, agriculture (significantly cocoa processing), trade (together with cement and flour milling), accommodations, and telecommunications.