GABON
GSEZ PORTS

Investing in the diversification of Gabon’s economy

Since 2019, STOA has been a shareholder in GSEZ Ports, which operates the port of Owendo, a major facility that contributes to boosting Gabon’s economy and making it less dependent on the oil industry.

 

The project

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

The Gabon Special Economic Zone (GSEZ) is the result of a close public-private partnership between the Singaporean company Olam International, the Republic of Gabon and the pan-African investor Africa Finance Corporation. It is a key player in Gabon’s industrial sector and, since its creation in 2010, has been developing a new generation of large-scale infrastructure projects.

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.

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

By investing in the capital of GSEZ Ports, STOA is investing in first-rate infrastructure for Gabon while making a commitment alongside a major investor 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.

 

Expected results
  • 3 million TEUs of cargo handled at the port over time
Impact results measured in 2019
  • 667,000 metric tons of goods transported
  • 5,914 direct and indirect jobs supported [1]



[1] Modeled impact (see our ESG and Impact report on page 8). View our disclosure statement : www.impactprinciples.org/signatories-reporting www.impactprinciples.org/signatories-reporting

 

” 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

Expected results

3

OF CARGO HANDLED AT THE PORT (TEUs) OVER TIME

PORTFOLIO

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