The GSEZ was created in 2010 to accelerate Gabon’s economic diversification and development and is a joint venture vehicle between Olam International, a leading agricultural business, and the Republic of Gabon.
According to a release issued by AFC, the investment with a portfolio of infrastructure projects, spans a variety of sectors, combines the expertise, networks and capital of both the public and private sectors.
AFC’s investment will make a significant contribution to the development of these projects, which include, a new Mineral Terminal, a General Logistics terminal, as well as other special infrastructure projects.
His Excellency, Mr. Ali Bongo Ondimba, President of the Republic of Gabon, commented on the announcement at the signing of the agreement in Libreville this week.
According to him, “I am pleased to be entering into this agreement with Africa Finance Corporation. It will allow us to develop GSEZ’s existing infrastructure and implement a number of new projects. Our relationships with influential private sector institutions are crucial to the successful implementation of large scale infrastructure projects. Ultimately these projects will drive Gabon’s economic development and improve the lives of Gabonese citizens.”
Also, Andrew Alli, President & CEO of Africa Finance Corporation said they are delighted to be able to build on their well-established partnerships with the Republic of Gabon and with Olam by making such investment, which will help to accelerate the development of these infrastructure assets and diversify the economy of Gabon.
GSEZ’s diverse portfolio of projects is testament to the government’s commitment to supporting infrastructure investments within its borders and the CEMAC region.
Olam International on the other hand, has been at the forefront in the development of the GSEZ projects in line with the Gabonese republic’s “Emergent Gabon Strategy”, which seeks to reduce the country’s reliance on crude oil and diversify into other sectors.
AFC’s mission is to address Africa’s pressing infrastructure needs and build the foundations for robust economic development across the continent, all the while seeking a competitive return on investment for its shareholders.
AFC has so far invested US$3.2 billion in projects across 22 African countries and in a wide range of sectors including power, telecommunications, transport and logistics, natural resources and heavy industries.
Source: Newsghana.com.gh
