Ver Angola

Construction

ENCIB intends to increase business volume to 8.5 billion kwanzas by 2025

The increase in turnover to about 8.5 billion kwanzas by 2025 is one of the objectives of the National Basic Infrastructure Construction Company (ENCIB). The information was provided by Laureano Tchoia, the company's director general, who indicated that the target is to reach a turnover of around 8.5 billion, 556 million, 972 thousand and 609 kwanzas, in about four years.

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According to the official, the target figure may be obtained through the upgrading of earthmoving services as well as through the crushing plant and the maintenance and conservation of road networks.

Cited by Angop, Laureano Tchoia, who was speaking Thursday at the ENCIB Senior Management Forum on the theme "Diagnosis and Relation Perspectives", indicated that the company is undergoing a restructuring process and therefore the turnover for this year will be about 399 million 80 thousand kwanzas.

Despite the current difficulties, the plans of ENCIB's management for the coming years include increasing income, aiming to strengthen the financial sustainability of the company.

The company's growth strategy also includes, according to Laureano Tchoia, the liquidation of a 5 billion kwanza debt owed by the government.

He added that ENCIB currently has some projects underway in the civil construction sector which will help to increase revenues. For the time being, the company is working on a construction project for water reservoirs in 180 schools, and is carrying out a service in the Samba road and another one for plugging holes in the inn, he added.

He also made it known that the company also has a debt of about 200 million kwanzas to the Social Security Institute. The debt, according to the responsible, besides being creating some obstacles for the 92 workers and with AGT, also does not allow the company to participate in the public works tenders.

ENCIB's monthly income is currently 20 million kwanzas. A number that the person in charge considers scarce to manage the company and move forward with the development of new businesses.

Under the supervision of the Provincial Government of Luanda since 1978, ENCIB is a collective public institution, with administrative and financial autonomy and its own assets.

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