Anas appointed as CEO and MD of MIFCO following resignation as PCB President
Following the resignation of Farhath Shaheer as Managing Director of MIFCO, the government has appointed Mohamed Anas, the former President of the Privatization and Corporatization Board (PCB), to lead the state-owned fisheries company. Anas, who previously served as a Deputy Minister at the Ministry of Finance, takes the helm at a critical time as the industry faces mounting grievances over unpaid dues to fishermen and the rising costs of fuel and ice. With MIFCO undergoing frequent leadership changes in a short period, observers are questioning whether this latest appointment will effectively resolve the systemic challenges currently plaguing the Maldives' fisheries sector.
Mohamed Anas has been appointed as the Managing Director and Chief Executive Officer of Maldives Industrial Fisheries Company Limited (MIFCO). | PCB
Mohamed Anas, the former President of the Privatization and Corporatization Board (PCB), has been appointed as the Managing Director and Chief Executive Officer of the Maldives Industrial Fisheries Company Limited (MIFCO).
The Privatization and Corporatization Board (PCB) announced on Thursday night that Anas has officially assumed leadership of MIFCO, effective Thursday. Prior to this appointment, Anas served as the President of the PCB, the regulatory body overseeing state-owned enterprises.
Prior to Anas, the position of MIFCO Managing Director was held by Faruhath Shaheer, who resigned on the 12th of this month. Faruhath had been appointed as CEO of the company in March last year. Before Faruhath, the post was held by Dr. Lyubimov, a Swiss national. He had succeeded Ahmed Shamah, who was dismissed twice by the current administration following various allegations.
Anas, who has assumed the top position at MIFCO, has previously served in several senior government roles. Among these, he held the post of Deputy Minister at the Ministry of Finance and Planning.
President Dr. Mohamed Muizzu is facing mounting public criticism as his administration continues to make frequent leadership changes at MIFCO within a short period, while failing to address the persistent grievances of the fishing community. The primary concerns among fishermen remain the government's inability to ensure fair prices for their catch—as promised by President Muizzu—and the ongoing lack of access to affordable fuel and ice.
