Mozambique: Sovereign Fund finances first 15 projects this year
State-owned fuel distributor Petromoc gets new administration – Mozambique
12:39 CAT | 31 May 2018
The Mozambican state-owned fuel distributor company Petromoc’s general assembly has named Hélder Chambisse as the new chairman of the company’s board of directors, replacing Fernando Uache, a statement sent to Lusa reads.
The note also indicates that Gideon Ndombe has been appointed president of the company’s general assembly. Ndombe was Mozambique’s first minister of education after independence in 1975.
Mário Vicente Sitoe, a member of the Order of Accountants and Auditors of Mozambique, was appointed head of administration and finance.
The Mozambican government has acknowledged that Petromoc, which is 80 percent owned by the state, faces serious financial problems, as do most of the state-owned companies in the country.
Source: Lusa
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