Our investment
CDC made a $10.2 million equity investment in 2018. This is CDC's first investment under our ports and logistics strategy and is the first co-investment alongside Meridiam, a global infrastructure investor (CDC was also an anchor investor in the Meridiam Infrastructure Africa Fund).
Expected impact
CDC's investment is expected to sustain productive employment in the Gabonese mining sector and support indirect jobs in cement and construction sectors by enabling greater throughput and more efficient handling of manganese export and clinker and limestone import volumes.
Environmental and social aspects
CDC has worked to improve health and safety standards at the port operations.
We have deployed technical assistance support to Owendo Port to help establish the business case for investment in the recruitment and training of women to take up non-traditional roles within the organisation.
Key facts
- Status:
- Active
- Region
:
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, Central Africa
- Countries:
- Gabon
- Sector
:
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.
- Infrastructure
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Direct Equity
- Start date
:
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- June 2018
- Amount
:
For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that CDC has committed to the fund.
- $3.12m
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- Gabon
