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Fri, 17 Feb 2017 17:49 - Updated Fri, 17 Feb 2017 17:48

Angola: Coca-Cola Fund to adopt transparency mechanisms

Luanda - The new Board of Directors of the Coca-Cola Project Fund, sworn in Friday in Luanda, should adopt new transparency mechanisms during its term.

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The recommendation came from the Finance minister, Archer Mangueira, while speaking at swearing in ceremony of the new Board of Directors.

According to him, the adoption of the new management procedures is crucial to development of the activity.

In his turn, the chairperson of the Fund, Manuel Victoriano ISumbula, admitted that the challenges will require new strength and determination.

The new Board of Directors of Coca Cola comprises, Manuel Victoriano Sumbula, Helena de Fátima Cândido and Bruno Gaspar, administrators, representatives of the Ministries of Finance, Industry and Provincial Government of Luanda.

Coca Cola Project Fund was created in 2000 under Joint Executive Decree 3/00 of January 21.

The project is currently being adapted to the strategic guidelines to address the crisis amid the fall in price of oil.

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