The proposed investment, which would be executed through the Africa Infrastructure Fund, will center on ports, trucking, warehouses and rail services to facilitate effective trade and create a foundation for local growth.
“From beginning, the focus will be on investing and expanding the ecosystem in connection with an existing mineral and general cargo port in Gabon as well as developing new infrastructure ecosystems in Mauritania. It will start with a new multi-cargo port in Nouakchott, and a new modern bulk port in San Pedro, Ivory Coast,” according to AP Moller Capital.
Here, the Danish company will have 43 percent ownership of the platform which would be managed by “ARISE Ports & Logistics”, based in the UK while Olam will own 31 percent and AFC 26 percent of the company.
Olam is a global food and agri-business player with a significant track record in agri-business and infrastructure projects in Africa.
On the other hand, AFC is a multi-lateral African financial institution addressing Africa’s infrastructure development needs. AP Moller Capital has substantial experience in operating and developing infrastructure in connection with transport and logistics.
ARISE Ports & Logistics will be a large shareholder in each ecosystem and will in most cases, have other co-investors. In both mineral and general cargo ports as well as the adjacent ecosystem in Gabon, has one of the co-investors as the country’s public development institution, CDC Gabon.
AP Moller Capital has also appointed Kim Fejfer as chairman of ARISE Ports & Logistics, which is subject to customary third party approvals.
