Namibia's Fishcor Acting CEO Describes Turnaround
SEAFOODNEWS.COM [All Africa] By Mathias Haufiku - July 31, 2015 -
Fishcor Acting CEO Mike Nghipunya talks to Chief Political Reporter Mathias Haufiku on how the company, whose subsidiaries were so penniless they had to lay off 500 workers for months, turned around its fortunes.
Can you just give us a brief introduction on the structure of Fishcor?
Fishcor is a government vehicle aimed at creating local investment and at the same time play a commercial role in the fishing sector. The company had to set up base in Lüderitz after it was established soon after independence, because Walvis Bay was still in the hands of the former apartheid regime. The other reason why it had to be established in Lüderitz was because Lüderitz was becoming a ghost town at the time, hence its role was to promote economic activity in the town.
To Read Full Story Login Below.