Government envisions demerging MIFCO, Kooddoo, Felivaru

6 days ago

The Maldivian government has announced it envisions demerging Maldives Industrial Fisheries Company (MIFCO) from State Trading Organization (STO) once the company becomes profitable, and demerging and running Kooddoo Fisheries and Felivaru as subsidiaries of MIFCO. Kooddoo and Felivaru were demerged and run as separate entities during former President Mohamed Nasheed’s administration. However, the two companies were returned MIFCO’s control and run