A.P. Moller Capital, in partnership with Olam International (Olam) and Africa Finance Corporation (AFC), is set to make a sizable investment in a ports and logistics platform in West Africa to create growth and development.
The platform is an infrastructure ecosystem of ports, trucking, warehouses and rail services that helps to facilitate effective trade.
Kim Fejfer, managing partner and CEO of A.P. Moller Capital, said: “Investing in local infrastructure systems of ports, trucking, warehouses and rails is investing in local prosperity.
“It creates jobs and opportunities in a region which is deeply dependent on investments and development.”
The focus will be to invest in and to expand the ecosystem in connection with an existing mineral and general cargo port in Gabon.
Additionally, new infrastructure ecosystems will be developed in Mauritania, starting with a new multi-cargo port in Nouakchott and a new modern bulk port in San Pedro, Ivory Coast.
A.P. Moller Capital will have 43% ownership of the platform, which is managed by UK-based ARISE Ports & Logistics, while Olam will own 31% of the company and AFC will own 26%.
Olam is a global and leading food and agri-business player and has experience in agri-business and infrastructure projects in Africa.
AFC is a substantial and multi-lateral African financial institution which works to address Africa’s infrastructure development needs.
Jens Thomassen, partner in A.P. Moller Capital: “As business partners we share a passion for enabling Africa to grow and develop, and we believe investments combined with high ethical standards and deep operational knowledge are key levers for such growth.”
ARISE Ports & Logistics will be a large shareholder in each ecosystem and will, in most cases, have other co-investors.
In both the mineral port, the general cargo port and adjacent ecosystem in Gabon one of the co-investors is the country’s public development institution CDC Gabon.
A.P. Moller Capital aims to be a very active and engaged investor, starting with the appointment of Fejfer as chairman of ARISE Ports & Logistics.