Most companies to be privatised in Angola will be sold in 2020

14 August 2019

Angola’s Privatisation Programme (ProPriv) predicts that most of the 195 state-owned or partially state-owned companies will be divested by 2020, the Secretary of State for Finance and Treasury Vera Daves de Sousa, said on Tuesday in Luanda.

The coordinator of the technical group of the inter-ministerial national commission for the implementation of the Privatisation Programme, said that by the end of this year 80 companies would be covered, in 2020 it will be 91, 20 companies will be added in 2021 and the remaining four in 2022.

The outlined schedule shows that of the 32 national reference companies four will be sold in 2019, 18 in 2020, seven in 2021 and the final three in 2022.

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)