Africa Finance Corporation (AFC) has exited its 35% equity investment in Atlantic Terminal Services Limited (ATSL), the concessionaire for the expansion of Ghana’s Takoradi Port, to the global ports and container terminals operator Yilport Holding. 

The Africa Finance Corporation (AFC) committed to invest up to US$138 million in both equity and debt for the Takoradi Port Expansion Project in 2019. This project, which is now nearing its operational phase, plays a pivotal role in reducing the costs associated with imports and exports to and from the western and central regions of Ghana, as well as neighboring landlocked countries. It achieves this by modernizing a container and multipurpose terminal under a 25-year concession that encompasses design, engineering, financing, and construction. As part of this transaction, AFC is divesting its shareholding, while Ibistek and the Ghana Ports & Harbours Authority will remain as shareholders in the project.

Takoradi Port offers more direct and less congested connections to the western and central regions of Ghana, including the Takoradi area, which is a hub for significant agricultural activities, including the production of 50% of Ghana's cocoa. Additionally, it supports manufacturing, industrial and business parks, and a growing natural resources sector.

Yilport Holding's investment in Takoradi serves as a strategic entry point into Africa, as it aims to transform the port and its surrounding area into a thriving logistics and trading hub, with a focus on handling high volumes of traffic.