State company
Fenaka Corporation
In the news, last 90 days
Economy
STELCO completes takeover of Fenaka services across 127 islands
STELCO has completed the transfer of utility services across 127 islands previously served by Fenaka Corporation, concluding with the handover in Laamu Fonadhoo. STELCO has revised its administrative structure and deployed four teams across the atolls to carry out the transfer.
Infrastructure
MWSC targets water service improvements in Addu and Fuvahmulah...
Malé Water and Sewerage Company (MWSC) aims to resolve water service problems in Addu and Fuvahmulah before Ramadan, with Managing Director Hussain Fahmy committing to bring services in both cities to standards comparable to Malé. MWSC assumed responsibility for water and sewerage services in the two cities after the decision to dissolve Fenaka Corporation.
Economy
MVR 650 million loan issued to MACL for Giraavaru lagoon reclamation
A treasury loan of MVR 650.7 million was issued from the state budget this year to the Maldives Airports Company Limited (MACL) to cover reclamation costs of Giraavaru lagoon, where plots are allocated under the Binveriyaa housing scheme. Reclamation of Giraavaru Falhu, resumed by MACL in January, remains incomplete, with satellite imagery showing no work since it stalled in April.
Infrastructure
STELCO takes over utility services in Noonu Atoll from Fenaka
State Electric Company Limited (STELCO) has officially taken over utility services in Noonu Atoll from Fenaka Corporation, following a decision by President Dr Mohamed Muizzu to transfer responsibility for the services. STELCO said it had begun aligning the newly acquired operations with its own service standards, while further details on financial arrangements, affected employees and planned infrastructure upgrades were not disclosed.
Justice
Fenaka ordered to respond to employment dispute
The Employment Tribunal has ordered Fenaka Corporation to formally respond to a case filed by former Deputy Manager Ahmed Shafeeq, who claims the company unlawfully refused to reinstate him after his administrative suspension for contesting the Local Council Elections. The Tribunal dismissed Fenaka's procedural objection and ruled it has jurisdiction to hear the case.
Other · Opinion
Respected national figures entangled in state politics as public alarm grows
The article argues that President Dr. Mohamed Muizzu is drawing previously revered public servants, including retired military officers and a legal figure, into partisan politics, thereby diminishing their standing. It cites Major General (Retired) Moosa Ali Jaleel's mayoral candidacy and loss, Major (Retired) Mohamed Najah's role at Fenaka Corporation, and Al-Ustadh Ahmed Shakir's appointment to head a review panel on the Mauritius-Maldives maritime boundary decision as examples.
Infrastructure
STELCO takes over utility services in Faafu, Dhaalu and Thaa atolls
State Electric Company Limited (STELCO) has formally assumed responsibility for electricity, water and sewerage services in Faafu, Dhaalu and Thaa atolls, taking over operations previously managed by Fenaka Corporation. The transfer follows a decision by President Dr Mohamed Muizzu, and STELCO says it has begun providing the services and is working to align them with its standards.
Infrastructure
Sh. Feevah Island Council expresses concern over suspension of youth center project
The Feevah Island Council said the construction of the island's new youth center has made no progress since the foundation stone was laid this past October, with only land clearing completed. The council also said the island's park development project has come to a standstill and that authorities have given no explanation for the suspension.
Society
Haalu Kihineh?: Feevah residents express deep concern over job dismissals and stalled development projects!
Residents of Sh. Feevah, interviewed on RaajjeTV's "Haalu Kihineh?" program, said they face a severe shortage of essential medicines, a sharp rise in the cost of living, job dismissals and stalled development projects. They blamed President Dr. Mohamed Muizzu's administration for the situation and criticised the proposed Ras Male' project.
Infrastructure
MWSC to begin first billing cycle in Addu and Fuvahmulah on October 22
MWSC has taken over water and sewerage services in Addu City and Fuvahmulah City under a government restructuring of state-owned utilities, and announced that its first billing cycle in these areas begins on Thursday, October 22, 2026. The company said service will not be disrupted and set up temporary service counters and a hotline to assist customers during the transition.
Politics
AgroNat to Move Under MIFCO as Government Pushes Ten Citizen Owned Resorts
President Dr Mohamed Muizzu announced that Agro National Corporation Limited (AgroNat) will become a subsidiary of Maldives Industrial Fisheries Company Limited (MIFCO), alongside a wider consolidation of state-owned enterprises. He also reaffirmed a plan to develop ten citizen-owned resorts on ten designated islands, with annual foreign-currency payments to citizens anticipated from 2030.
Where and about what
alphabetical, from the stories aboveFound by the name in headlines and summaries, so two people who share a name would appear together. Jobs are the words the articles used. Nothing here rates or scores anyone.