The investment is expected to provide a major boost to the government’s efforts to modernize port facilities along the Kenyan coast.
The appointment marks a new chapter for EFL as it enters its next phase of growth, with the company emphasizing Ramachandran’s leadership, stability, and long-term vision.
Hapag-Lloyd has been serving customers in Benin through its regional network, with Cotonou playing a vital role in connecting West Africa to global trade lanes.
The facility has been designed to support large-scale, complex logistics requirements.
Logistics & Services’ performance continued to improve with revenue up 8.7% and year-on-year EBIT margin improvement for the eighth consecutive quarters.