A digest of news and opinion from the Maldives.
The original Dhivehi article was published on the vfp.mv website on 17th November 2017. The following is a loose translation: President Abdulla Yameen’s tenure began on 17th November 2013, and it is four years to this date. In President Yameen’s tenure, he has undertaken many developmental projects, however, many corruption allegations were also directed at […]
Bank of Maldives the leading financial institution in Maldives has signed an agreement with FENAKA corporation to expand its network of cash agents in the islands of Maldives. The agreement was signed by BML CEO and Managing Director, Mr Andrew John Healy and Managing Director of FENAKA Corporation, Mr Ahmed Shareef, in a ceremony held […]
The anti-corruption watchdog has asked the Prosecutor General’s office to press charges against a senior official of a state-owned utility company over allegations of corruption and mismanagement. The Anti-Corruption Commission is seeking charges against the procurement department director of Fenaka Corporation for allegedly providing undue benefit to private parties in purchasing diesel for the company. […]
State utility firm Fenaka has been fiercely criticised for power cuts in Addu City. Addu City, an atoll comprising six islands with a combined population in excess of 21,000, has been losing power for more than a week after four generators failed. The power cuts have triggered a probe, with Fenaka managing director Ahmed Shareef […]
State utility firms are operating at a loss, a parliamentary committee has heard, with one power company’s debt standing at around MVR1.6 billion (US$103 million). Environment and energy minister Thoriq Ibrahim, as well as utility company bosses, were summoned to a government oversight committee session on Wednesday to answer questions on unequal prices between the […]
The original Dhivehi article was published on Mihaaru.com website on 28th September 2017. The following is a loose translation: When the recently released audit report revealed that Fenaka Limited had purchased fuel higher than STO’s selling price – MVR 1.50 per litre, in a way designed to benefit some parliament members, proved how selfish the […]
The original Dhivehi article was published on Mihaaru.com website on 25th September 2017. The following is a loose translation: It has been years since *Fenaka Corporation‘s former top management officials had been marred by allegations of doing under deals, selling US dollars to several parties and favouring projects to ‘close people’. Amid the allegations, several […]
The powerhouse on the northern island of Bileyfahi in Shaviyani atoll has been completely destroyed by a fire that broke out late Saturday night. All three generators were damaged beyond use, according to Fenaka, the state utility company that operates the powerhouse. The police and the military’s fire department are investigating the incident. “We’re hoping […]