Chinese companies interested in Angola privatisation programme

2 September 2019

Chinese companies have expressed interest in buying industrial units included in the Angolan government’s recently announced privatisation programme, said China’s ambassador to Angola, Gong Tao.

Speaking to daily newspaper Jornal de Angola on the sidelines of the report presentation session entitled “China-Angola relations in light of the eight initiatives proposed at the Beijing Summit of the Forum for China-Africa Cooperation (FOCAC 2018),” the diplomat said that interested companies will move on to the analysis phase of these companies for subsequent submission of proposals.

Gong Tao recalled that before submitting any proposal, an assessment must be made, “in particular of the advantages and disadvantages, before a decision can be made.”

Speaking at the event, which was held at the Catholic University of Angola in the presence of government officials, academics and students, Gong Tao highlighted China’s contribution to Angola’s development.

“Since the establishment of diplomatic relations between the two countries in 1983, and especially after the end of the civil war in 2002, Angola has benefited from funding that has contributed to the repair of 2,800 kilometres of railway and 20,000 kilometres of roads, besides the construction of 100,000 social housing units, 100 schools and 50 hospitals,” he said.

The chairman of the Angola-China Chamber of Commerce, Arnaldo Calado, announced on the occasion that nearly 100 Angolan businesspeople are attending the second edition of the China International Import Fair, taking place in Shanghai from 5-10 November. (Macauhub)