French financier and businessman Vincent Bollore, who runs ports in other African countries including Ghana has bought yet another concession to run a port in Pointe-Noire, Congo.
Bollore will invest 570 million euros ($798 million) developing the Congo port, according to a report by Le Figaro, a French newspaper.
The report says Bollore bought a 27-year contract to operate Pointe Noire, which is the biggest port in the deep waters of the Gulf of Guinea with usable capacity of 17 hectares (40 acres).
Bollore also runs ports in Cote d’Ivoire, Cameroon, Benin and Nigeria.
Frenchman Vincent Bollore is one of the world’s wealthy investors with business interest in various industries across the world.
By Emmanuel K. Dogbevi