Spanish Seafood Giant Nueva Pescanova to Withdraw from Mozambique. Maputo, Mozambique — Spanish seafood company Nueva Pescanova is preparing to exit Mozambique by selling its local subsidiary, Grupo Pescamar, and a fleet of 26 fishing vessels, according to local reports. Grupo Pescamar has been a major player in the sector, employing hundreds of local workers and contributing to the country’s export earnings.
Official statements indicate that the decision to withdraw is part of a broader restructuring process by Nueva Pescanova, which is facing challenges in several of its international operations.
The company has not provided specific reasons for its exit from Mozambique. Independent observers say the withdrawal could lead to job losses and disrupt the supply chain for local seafood producers.
Officials commented on the matter. “
These are skilled jobs that won’t be easily replaced.”
The Mozambican government has expressed concern about the potential economic impact of the withdrawal.
Regional officials confirmed that the company has started the process of selling its assets and has begun notifying employees about the potential job losses. Sources close to the matter said that the company is also looking into opportunities for local partners to take over some of its operations.
The exit of Nueva Pescanova from Mozambique is the latest in a series of challenges facing the country’s seafood industry.
Over the past few years, the industry has been affected by climate change, overfishing, and global market fluctuations. Further details about the sale of Grupo Pescamar and the fate of its employees are expected to be announced in the coming weeks.
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Source: Africa.
