Africa50 invests in Ivory Coast’s Scanning Systems
Pan-African infrastructure investment platform Africa50 said it has made an equity investment into Scanning Systems, a company specialized in the design, financing, and implementation of One-Stop Joint Border Posts (JBPs) in Africa.
It did not share the value of the investment.
Scanning Systems SA is an Ivoirian company incorporated in 2008 which specializes in the design, financing and implementation of infrastructure projects in the transport sector using BOT (Build Operate and Transfer) models. It is headquartered in Abidjan and has representation offices in Ouagadougou and Lomé.
The investment will support Tassec Investment Holdings Africa-owned Scanning Systems to develop JBPs and deliver efficient border management with modern facilities and tools, facilitate transit and increase traffic across the borders of Africa. This is expected to reduce transit time, enhance security and increase tax and customs revenue collection.
Over the past years, Scanning Systems has become the preferred partner of the West African Economic and Monetary Union (WAEMU) for the implementation of JBPs among its member states. The company has been operating the Cinkansé JBP between Burkina Faso and Togo for 10 years and is constructing two additional JBPs in Zégoua (Côte d’Ivoire-Mali border) and Laléraba (Burkina Faso-Côte d’Ivoire border).
“We are delighted to become a shareholder of Scanning Systems which has demonstrated a unique ability to deliver One-Stop Joint Border Posts (JBPs) in complex environments across the continent. They are critical to driving an efficient and unified market and cross-border trade, while encouraging the development of regional value chains, a critical element to the success of the African Continental Free Trade Area (AfCFTA),” said Alain Ebobissé, CEO of Africa50.
Mory Diané, CEO of Scanning Systems commented, “This partnership is critical in supporting the development of the right infrastructure to support intra-African trade and the AfCFTA’s objectives of creating a unified market to spur economic development for the continent.”