Good afternoon. The launch of CFM Logistics, a company designed to get the state port and rail company into the oil and gas sector, could be the final step in the revival of what was once the most powerful state entity in Mozambique since the colonial period.
CFM Logistics intends to get deeply involved in the oil & gas industry, using its ports and railway infrastructure to add value to its own portfolio of activities and revenue. In recent months, and in particular since Agostinho Langa, the former head of Nacala port, took charge of CFM, the company has been in revival mode with a number of initiatives on the railway corridors running to Maputo and Beira ports, and more recently on the Nacala Corridor, and taking advantage of the poor performance of rail companies in neighbouring countries.
