MIFCO to be operated as a 100 percent state-owned enterprise

The Maldives Industrial Fisheries Company Limited (MIFCO) is to be operated as a 100 percent state-owned enterprise.

This was announced by President Dr. Mohamed Muizzu during a press conference held on Tuesday.

The presser was hosted following a meeting held with his Cabinet of Ministers.

As such, President Muizzu declared that MIFCO is now a 100 percent state-owned enterprise.

Stressing the significance of enhancing MIFCO to strengthen the overall fisheries sector, President Muizzu went on to announce the decision to establish a special cooperative for fishermen and integrate the cooperative as a shareholder at MIFCO.

MIFCO was earlier operated as a subsidiary of the State Trading Organization (STO).

Having MIFCO operated separately from STO and establishing a fishermen’s corporative are presidential pledges made by President Muizzu during his election campaign.

The Maldives Industrial Fisheries Company Limited (MIFCO) is to be operated as a 100 percent state-owned enterprise.

This was announced by President Dr. Mohamed Muizzu during a press conference held on Tuesday.

The presser was hosted following a meeting held with his Cabinet of Ministers.

As such, President Muizzu declared that MIFCO is now a 100 percent state-owned enterprise.

MIFCO was earlier operated as a subsidiary of the State Trading Organization (STO).

Having MIFCO operated separately from STO and establishing a fishermen’s corporative are presidential pledges made by President Muizzu during his election campaign.

MIFCO to be operated as a 100 percent state-owned enterprise

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MIFCO to be operated as a 100 percent state-owned enterprise

Comments

Fishermen’s protest made President Muizzu react as if northern rebels were storming Malé: Yameen

Fishermen protest over unfulfilled pledges; Pres. claims priority is increasing fishermen’s income

Yameen labels Ras Malé project as gov’t-driven corruption scheme, says Pres. has implicitly acknowledged it

Pres. positions manifesto as national development plan, framing election pledges as policy commitments

Pres. Muizzu ratifies Zakat bill, establishing new national fund and oversight structure

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India no longer needs to worry over Maldives: Defence Minister

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