News from Islands
Cape Verde Government is preparing the privatization of two public companies
Praia, Cape Verde, 30 May - The company distributing electricity and water Electra and flag carrier of Cape Verde TACV will be privatized, after undergoing a restructuring, said in Praia Prime Minister of Cape Verde. Saying that the two companies are the "give more headache to the government," Jose Maria Neves, who visited the pumping stations in the capital, said that the "restructuring of Electra" will make the company sign a "substantial improvement management capacity. "
The prime minister also said that the airline TACV will leave the management of the state in 2012 after "restructuring" and created conditions for its privatized.
Considering they are the privatization of both companies, "pointed to a need by the partners themselves of Cape Verde", entities critical to the survival of the State budget, Snow also stated that the government is "doing all the studies," announcing in 2012 that "we already have restructured and the two companies operate completely differently. "
Source: macauhub
