List of companies to be privatised in Angola expected to be announced shortly

10 April 2018

The list of Angolan state-owned enterprises to be privatised should be known shortly, as the deadline for a commission coordinated by the Minister of State for Economic and Social Development, Manuel Nunes Júnior, to produce a detailed report has ended, state newspaper Jornal de Angola reported.

The privatisation of public enterprises that, in practice, are a “dead weight for the State,” was one of the priorities of governance outlined by the President of the Republic, João Lourenço, with the Head of State reiterating that the companies the State planned to dispose of should be studied “on a case-by-case basis.”

In addition to Nunes Júnior, the commission, set up in January, includes the ministers for Finance, Economy and Planning, the Secretary for Economic Affairs of the President of the Republic, the Secretary of State for Finance and Treasury, the president of the council of administration of the Institute for the State Business Sector, the chairman of the board of directors of the Capital Markets Commission and the chairman of the executive committee of the Angola Debt and Securities Exchange.

The process of privatising public companies, if it goes ahead, will be conducted through the Angola Debt and Securities Exchange, and the order establishing the commission stipulates that the sale of state companies should be carried out preferentially through the capital market.

The report from the commission coordinated by the Minister of State for Economic and Social Development should list the companies eligible for sale to individuals as well as the schedule of operations to be carried out on the stock exchange. (macauhub)

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