Angola Government Evaluates Pescangola Financial Recovery Measures

Luanda — The Angolan government recently conducted an assessment of the economic, financial and operational situation of the Public Fishing Company of Angola (Pescangola EP), with the aim of promoting its recovery and sustainability. The assessment was conducted by the Ministry of Fisheries and Marine Resources and the Institute for the Management of State Assets and Holdings (IGAPE) during a meeting chaired by the head of the Ministry. According to information ANGOP had access to, the meeting served to assess the company's key financial, operational and management challenges. It was also possible to highlight the need to deepen the diagnosis of the situation, evaluate the measures already adopted, and identify solutions for its recovery and sustainability. During the meeting, issues related to cost rationalization, financial responsibility, operational efficiency, assets and production capacity, as well as the main obstacles to the company's normal operations, were addressed. Keep up with the latest headlines on WhatsApp | LinkedIn The meeting participants concluded by reinforcing the need for greater coordination among the Ministry, Pescangola, IGAPE, and the consultants. According to the statement, this coordination aims to consolidate a financial and operational stabilization program featuring concrete measures, as well as clearly defined priorities and responsibilities. The secretary of State for Fisheries and Aquaculture, Victor Chilamba, along with Pescangola administrators and consultants, among others attended the meeting. AMC/QCB/MRA/jmc Read the original article on ANGOP . AllAfrica publishes around 600 reports a day from more than 90 news organizations and over 500 other institutions and individuals , representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica . To address comments or complaints, please Contact us . AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 600 news and information items daily from over 90 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. Get the latest in African news delivered straight to your inbox By submitting above, you agree to our privacy policy . We need to confirm your email address. To complete the process, please follow the instructions in the email we just sent you. There was a problem processing your submission. Please try again later.