Logistics service operator Rangel to invest EUR 750,000 in Mozambique

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Logistics service operator Rangel to invest EUR 750,000 in Mozambique

1:01 CAT | 24 Nov 2017

Portuguese logistics services operator Rangel announced today that it is to invest EUR 750,000 Euros in a new business in Mozambique, but without revealing further details at this point.

The announcement was made on the sidelines of the opening of MOZEFO – 2nd Edition of the Economic and Social Forum of Mozambique, which runs until today, Friday in Maputo.

“We are only going to reveal concrete news at the beginning of next year, but it is guaranteed to strengthen our operation in Mozambique,” company CEO Nuno Rangel says in a note released by the company.

The Portuguese company has invested EUR 2 billion in Mozambique since 2012, but intends to continue strengthening its logistics infrastructure here, he says.

“We are here today in MOZEFO mainly as partners, but it is a reference and merit initiative, where we speak about and discuss the future of Mozambique in Africa, and where Rangel wants to be a dynamic and fundamental agent in the development of African countries,” he adds.

Rangel has its own facilities in the cities of Beira and Maputo, moving around 3,000 TEUs per year, which, according to the company, makes it a leader in the transport of Portuguese exports to Mozambique.

Rangel operates international land, air and sea transport services on five continents, with contracting companies providing logistics, air, sea and land transportation, warehousing, physical distribution, express and parcel services, customs formalities, fairs and exhibitions.

With 1,500 direct employees, Rangel recorded turnover of EUR 158 million in 2016 and manages 263,000 square metres of logistics workspace.

Source: Lusa