Casablanca/Abidjan, 18 January 2023 - Africa50, the pan-African infrastructure investment platform and Tassec Investment Holdings Africa, announced the completion of Africa50’s equity investment into Scanning Systems, a company specialized in the design, financing, and implementation of One-Stop Joint Border Posts (JBPs) in Africa.
The investment will support 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 significantly reduce transit time, enhance security and increase tax and customs revenue collection for national and local economies.
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 successfully 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).
As a strategic shareholder of Scanning Systems, Africa50 will bring its extensive experience in infrastructure project development and management to support the implementation of the company’s projects, as well as the expansion of its footprint across the region. Africa50 will also leverage its strong relationships with its shareholders to unlock opportunities for Scanning Systems.
“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. “We hope that our collaboration will provide the much-needed infrastructure to anchor Africa further in the world economy, drive industrialization and help the continent diversify its exports”, Mr. Ebobissé added.
Mory Diané, CEO of Scanning Systems commented, “This is the right time to welcome Africa50 as a strategic partner to support Scanning Systems’ ambitious development plan for One-Stop Joint Border Posts (JBP) in West Africa. 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. Africa50’s reputation, substantial financial resources and extensive network make them ideal partners and I am confident that our combined leadership will drive the development of infrastructure and systems that will scale the movement of goods and services across African borders”.
Africa50 is an infrastructure investment platform that contributes to Africa's growth by developing and investing in bankable projects, catalyzing public sector capital, and mobilizing private sector funding, with differentiated financial returns and impact. Africa50 currently has 33 shareholders, comprised of 30 African countries, the African Development Bank, the Central Bank of West African States (BCEAO), and Bank Al-Maghrib. For more information, visit: www.africa50.com.
About Scanning Systems:
Scanning Systems SA is an Ivoirian company incorporated in 2008 which specializes in the design, financing and implementation of innovative infrastructure projects in the transport sector using BOT (Build Operate and Transfer) models. The company is a partner of the WAEMU for the implementation of Joint Border Posts at the common borders of its Member States. Scanning Systems is headquartered in Abidjan and has representation offices in Ouagadougou and Lomé. Scanning Systems SA is owned by Tassec Investment Holdings Africa and Africa50.
Africa50: Nana Boakye-Yiadom, Tel: +212666166308, email@example.com
Category: Press Release