ARISE: AFC raises stake in rebranded GSEZ
Gabon Special Economic Zone has gone through a reorganisation that has resulted in the creation of three separate verticals; Arise Port & Logistics, ARISE Integrated Industrial Platforms and ARISE infrastructure Services.
ARISE P&L now comprises of A.P. Moller Capital, Olam International, and Africa Finance Corporation, which has announced an additional investment of €48 million, increasing its stake in ARISE P&L from 21% to 26%, with A.P. Moller Capital having 43% ownership and Olam having 31%.
The initial focus will be on investing in and expanding the ecosystem in existing mineral and general cargo ports in Gabon, as well as developing new infrastructure to support ecosystems in Mauritania, Cote D’Ivoire, Togo and Nigeria. Other projects include starting a new cargo port in Nouackchott (ARISE Mauritania) and a bulk terminal in San Pedro, Cote D’Ivoire – both of which are already in advanced stages of development.
