STOA and GSEZ Ports has announced STOA’s acquisition of a minority equity investment (10%) in Gabon Special Economic Zone Ports (GSEZ Ports SA), owner and operator of the bulk multipurpose New Owendo International Port (NOIP), and major logistics player in Gabon.

The New Owendo International Port is a landmark bulk multi-purpose port with a nominal capacity of 4 million metric tons, located at Owendo, 27 km south from the Gabonese capital city Libreville. The port is mainly dedicated to the export of finished and semi-finished products including liquids, fishery products, and goods from the dynamic Gabonese wood industry (veneer, plywood, furniture, etc.).

The port covers an area of 164 ha and is composed of a 690-meter-long loading/unloading platform, 5 liquid storage tanks with a capacity of 10,500 tons each, 2-grain silos with a capacity of 10,000 tons each, and a state-of-the-art logistics zone, including warehousing facilities and refrigerated areas. The port offers a comprehensive logistics solution through a multi-modal platform with privileged access by sea, road, and rail.

The development of the NOIP by GSEZ Ports is an initiative of its shareholder, Gabon Special Economic Zone (GSEZ), a joint venture created in 2010 between Olam International Ltd., the Republic of Gabon, and Africa Finance Corporation with a mandate to develop infrastructure, enhance industrial competitiveness and build a business-friendly ecosystem in Gabon.