The San Pedro Multipurpose Industrial Terminal (TIPSP) has secured €90 million in financing over 10 years from three commercial lenders, including Standard Bank of South Africa Limited, Stanbic Bank SA, Nedbank Limited London Branch and FirstRand Bank Limited.

It should be noted that TIPSP holds a 35-year concession agreement with the Autonomous Port of San Pedro, which gives it the right to manage the import and export of several liquid and dry bulk products, such as clinker, gypsum, limestone and minerals (nickel, manganese, lithium, bauxite, iron, etc.)

A strategic partnership between Arise Ports & Logistics, S. Energies and the Republic of Côte d’Ivoire, TIPSP is West Africa’s newest port dedicated to interconnected exports. Arise Ports and Logistics is backed by three influential shareholders on the continent: AP Moller Capital, Africa Finance Corporation and Olam International.

Since the start of operations at the end of 2021, TIPSP has already delivered more than 1 million volumes, confirming its place among the leading ports in the region. TIPSP created more than 1 direct jobs during its construction. Since the start of operations, it directly employs more than 000 people and generates 80 indirect jobs.

“We are delighted that a modern, state-of-the-art dry bulk terminal will enable San Pedro to become a hub capable of serving the country’s and the region’s trade. Minerals such as nickel have been at the heart of TIPSP’s shipping volumes since the port became operational,” said Ebrima Sawaneh, Chief Operating Officer of Arise Ports & Logistics.

He also commended the advisors, lenders and sponsors for their dedication in bringing this transaction to fruition. “This is Arise Ports & Logistics’ first project in Côte d’Ivoire and is a showcase of competitiveness, competence and performance.

Thanks to the government of Côte d'Ivoire and the Autonomous Port of San Pedro, we have the opportunity to demonstrate our agility and execution capabilities to become the bulk gateway for this part of West Africa and unlock the full commercial potential of an entire hinterland," says Roselyne Chambrier Chalobah, Country Head and Managing Director of Arise Ivoire.

Arise Ports & Logistics

Arise Ports & Logistics is a pan-African developer of industrial ecosystems that designs, builds, finances and develops interconnected infrastructures, enabling its partners to benefit from superior logistics solutions. Our portfolio consists of three terminals in Gabon and Côte d’Ivoire – Owendo Mineral Port, New Owendo International Port and TIPSP.