Investing in the diversification of Gabon’s economy
Since 2019, STOA has been a shareholder in GSEZ Ports, which operates the New Owendo International Port (NOIP), a major facility that contributes to boosting Gabon’s economy and making it less dependent on the oil industry.
In November 2019, STOA acquired 10% of the capital of GSEZ Ports, the company that owns and operates the New Owendo International Port (NOIP). This is STOA’s first investment in the port industry and the transport sector in general.
What’s at stake
An ambitious partnership
By investing in the Owendo International Port, STOA is helping to boost maritime transport in Gabon. It is also working to improve the service quality offered to vessels transiting through the country.
This effort is made alongside the two others shareholders of NOIP, who are both key actors of the country’s industrial sector: the Gabonese Caisse des Dépôts et Consignations, and ARISE Ports & Logistics, a joint-venture between the agro-industrial major Olam, the pan-Afrian investor Africa Finance Corporation, and the Danish fund manager AP Moller Capital.
A port of national magnitude
Located 27 kilometers south of Libreville, Gabon’s capital, the port of Owendo is a specialist multipurpose bulk port with a nominal capacity of 4 million tons. It is mainly engaged in the export of processed and semi-processed products, ranging from liquids and fishery products to goods from the vibrant wood industry: veneers, plywood, wooden furniture, etc.
The port consists of a 690-meter long loading/unloading dock, five liquid storage silos with a unit capacity of 10,500 tons, two grain silos with a unit capacity of 10,000 tons, as well as a state-of-the-art storage and logistics processing area, including warehouses and refrigerated areas. It also has a multimodal platform with privileged access to the sea, road and rail, enabling it to offer a logistics solution fully integrated into Gabon’s industrial network.
Reducing the country’s oil dependency
STOA is investing in a first-class infrastructure for Gabon while making a commitment alongside major investors in the African continent with whom we share ambitions for the country. These include creating long-term jobs, promoting sustainable development and reducing the country’s dependence on the oil sector, which accounted for 22% of the country’s gross domestic product in 2017.
- 3 million TEUs of cargo handled at the port over time
Impact results measured in 2020
- 643,000 metric tons of handled cargo
- 2,234 direct and indirect jobs supported 
” We are absolutely delighted to welcome STOA as a strategic partner. STOA will participate in our ongoing efforts to develop critical infrastructure, enabling Gabon to grow and diversify its economy. “
Gagan Gupta, CEO – ARISE
TEUs OF CARGO HANDLED AT THE PORT OVER TIME