In a recent television program, STELCO’s Managing Director, Hussain Fahmy, outlined his vision for the company, expressing a commitment to achieving financial independence and reinforcing its role as a community-focused entity.
Fahmy emphasized his ambition to position STELCO as a company capable of borrowing and repaying its own loans independently, without relying on state support. This strategic objective aligns with a broader vision to enhance the company’s self-sufficiency.
“My aim is to make STELCO a self-reliant entity, contributing to the national economy and serving the people more closely than ever,” Fahmy stated during the interview.
Since assuming office, Fahmy highlighted his dedication to implementing the policies set forth by President Dr. Mohammed Muizzu. These policies include a steadfast commitment to fighting corruption, promoting good governance, and fostering compassion for employees within the organization.
“I have no intention of terminating any employees. Instead, my goal is to invest in training, empowering our employees to contribute their skills and services to both the company and the community,” Fahmy affirmed.
As STELCO commemorates its 75th anniversary in the electricity service sector, Fahmy unveiled plans to mark this milestone by providing scholarships to talented and educated youths interested in pursuing careers in the industry. This initiative reflects STELCO’s commitment to nurturing talent and fostering growth within the community.
The Managing Director’s vision not only underscores the company’s pursuit of financial autonomy but also emphasizes its role as a socially responsible entity dedicated to supporting educational initiatives for the benefit of the nation’s youth.
As STELCO charts its course toward financial self-sufficiency and community engagement, these developments signal a new chapter for the company, aligning with broader objectives outlined by both its leadership and the national vision for progress and prosperity.