Government of Angola seeks solution for state fishing company Peskwanza

14 May 2019

The Angolan government will study the best route for restoration of state-run fishing company Empresa Nacional de Pesca Industrial (Peskwanza), which is practically bankrupt, the Fisheries and Sea Minister said recently.

Maria Antonieta Baptista, who visited the fish processing areas, ice-making units and the company’s bridge pier, said that under the privatisation programme of public companies, the sale of the company or concession of its management and operation is under consideration.

The visit by the minister, according to Angolan news agency Angop, was to assess Peskwanza’s situation. The company was, at one time, one of the largest in Kwanza Sul province, but is currently at a standstill and its facilities have fallen into disrepair.

The deputy director of Peskwanza, Januário Raul João, said that the company lacks fishing vessels at the moment, as the 14 existing ones, of which seven are trawlers with a capacity of 250 tonnes each, five are for a variety of seafood and the remainder are purse-seine vessels with a capacity of 250 tonnes each, have all broken down.

João said that the company’s decline began in the year 2000 and added that the administrative and financial costs are borne by renting its fishing licenses to private companies, which allows the company to pay salaries to the remaining 81 workers, of an original workforce of 400.

Pskwanza was established in 1987 with its head office in the city of Porto Amboim, and its main activity was catching, processing, conservation and sale of fish.  (Macauhub)