Multiterminais: $50 million to improve port services

Deciding to spend $50 million on a port in Angola is not as easy as it may sound, but, for the consortium in charge, it is not only reasonable, it is the start of a much longer business project.

The business group is Multiterminais - consisting of the Nile Dutch Africa Line BV, NDS Lda, and Copinol SARL - and the $50 million is being used over the next five years to build new warehouses and offices, increase security, and expand the cargo terminal for the port of Luanda.

The upgrade is part of a drive to turn Angola's major port into one of Africa's leading transshipment hubs.