Wednesday, July 25, 2007

Grindrod to inject $80 mln in Mozambique port

(Reuters) - Mozambique said on Wednesday it had given the green light for South African shipping and logistics company Grindrod to invest $80 million to expand coal and car handling at the port of Maputo.

Transport and Communications Minister Antonio Munguambe told Reuters that Grindrod, which owns 95 percent of the coal terminal and 12 percent of Maputo Port, had focused on the port's expansion to relieve congestion at South African ports.


Read more at Reuters Africa

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