A.P. Moller Capital is making a sizable investment in West Africa ports and logistics platforms to create growth and development.
The investment will see A.P. Moller Capital take 43% ownership of the platform, an infrastructure ecosystem of ports, trucking, warehouses and rail services. The platform is managed by ARISE Ports & Logistics, based in the UK.
At the outset, the focus will be on investing in and expanding the ecosystem in connection with an existing mineral and a general cargo port in Gabon as well as developing new infrastructure ecosystems in Mauritania, starting with a new multi cargo port in Nouakchott, and a new modern bulk port in San Pedro, Ivory Coast.
Kim Fejfer, managing partner and CEO of A.P. Moller Capital, said: “Investing in local infrastructure ecosystems 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 investment will be made through the Africa Infrastructure Fund, in partnership with Olam International (Olam) and Africa Finance Corporation (AFC). Olam will own 31% and AFC 26% of the platform.
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 the adjacent ecosystem in Gabon, one of the co-investors is the country’s public development institution, CDC Gabon.
Kim Fejfer, managing partner and CEO of A.P. Moller Capital will be appointed chairman of ARISE Ports & Logistics.