Maputo Port concession extension

Congratulations to the teams at Maputo Port Development company (MPDC). The Government of Mozambique has recently issued an “in-principle” approval to MPDC, in which Grindrod holds an indirect 24,7% stake, to extend the current concession from 2033 until 2058. This will facilitate increased investment to expand port handling capacity, increase efficiencies, and enhance customer service.