Chronic delays in many West African ports are being addressed through an investment drive by A.P. Moller Capital in partnership with Olam International (Olam) and Africa Finance Corporation (AFC).Investment is being channelled through the A.P. Moller Africa Infrastructure Fund.“It will boost the infrastructure ecosystem of ports, trucking, warehouses and rail services, which facilitates effective trade and creates a foundation for local growth,” according to an A.P. Moller statement.
The first investment is due to be made in existing mineral and general cargo facilities in Gabon as well as 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.A.P. Moller Capital partners, Olam and AFC, have extensive experience in investing and operating in Africa. Olam is a global food and agri-business player with a significant track record in agri-business and infrastructure projects in Africa. AFC is a multi-lateral African financial institution, addressing Africa’s infrastructure development needs.
A.P. Moller Capital has experience in operating and developing infrastructure in connection with transport and logistics, according to the statement.
