The new Minister of Finance and Budget, FORTUNATO OFA MBO (FOM), appointed in FEB.2023 on the occasion of the formation of the new government resulting from the NOV.2022 elections, convened on 21.MAR c. of 60 of the main companies present in the country to compel them to pay their debts to the banks, but also opened the door to the intervention of the State to replace the companies and settle the debts.

Among the companies summoned were Zagope Construcciones e Ingeneria, Cororasa Nkoalen GE, Constructora OAS, ECOCSA GE, SETRACO, Ashtrom GE, Unicon, Ceiba Holding, SOMAGEC, Bouygues Batiment, TECNOBAT, among others. The choice of companies followed the criteria of companies whose projects were financed or commissioned by the Government. READ MORE