The Port of Maputo is reaping the results of an $800-million investment that has taken the port from handling five-million tons overall in 2007, to a record 27-million tons last year, says Grindrod CEO Xolani Mbambo. “In the recent five-year period we have invested $200-million.”
The Port of Maputo is reaping the results of an $800-million investment that has taken the port from handling five-million tons overall in 2007, to a record 27-million tons last year, says Grindrod CEO Mbambo’s comments come as the Maputo port again reported a volume increase of 30% in the six months to end-June, this while South Africa’s rail and port corridors failed to meet demand.
Mbambo noted that there was growing appetite in Africa to invite private players to participate in traditionally State-owned logistics assets, and particular so in East Africa. However, he said that Grindrod’s European partner “could no longer stomach the risk they perceived” associated with the South African project, despite Grindrod’s insistence that it was familiar with the environment and the associated challenges.
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