Owendo Bulk Port

Africa Infrastructure

Owendo Bulk Port, commissioned in early 2017, is focused on providing an export route for locally mined manganese ore and an import and trading route for aggregates and cement constituents.

Our investment

CDC closed a €10.2 million equity investment in June 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
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

:
February 2019
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.

:
$18.26m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Gabon