Angolan government sells stakes in 195 companies

12 August 2019

The share capital held wholly or partially by the Angolan state in 195 different companies will be sold between 2019 and 2022, under the Privatisation Programme, published in the Diário da República official bulletin, quoted by Jornal de Angola.

The programme states that 175 companies will be sold via public tender, 11 by public auction and nine through Initial Public Offering (IPO), with the government expected to launch public tenders this year for 80 companies as well as one IPO.

In 2020, 81 companies are due to be sold through public tender, six through auction and three via IPO, and in 2021 and 2022 the remainder will be sold.

The most well-known companies involved in this process are state oil company Sonangol, diamond company Endiama and airline TAAG, the BCI, BAI, BCGA and Banco Económico banks, as well as financial companies ENSA Seguros and the Angola Debt and Securities Exchange (Bodiva).

The programme also includes agro-industrial units Aldeia Nova and Biocom, textiles companies, Textang II, Satec and África Têxtil, cement plants Nova Cimangola and Secil do Lobito, as well as the Cuca, Eka and Ngola breweries and construction company Mota-Engil Angola.

The telecommunication companies that will be included in the Privatisation Programme are Unitel (in which MSTelecom has a 20% stake), MS Telecom itself, Net One, Multitel, Angola Telecom, TV Cabo Angola, Angola Cables, Angolan postal company ENCTA, Angola Comunicações e Sistemas (ACS) and telephone directory company ELTA.

Other companies listed for privatisation are Sonangol’s airline, Sonair, airport management company Sociedade de Gestão de Aeroportos and Sonangalp, a fuel distribution company that is 51% owned by Sonangol. (Macauhub)