Angola launches 2nd phase of privatisation of industrial units

7 February 2020

The second phase of the privatisation process of industrial enterprises in Angola, which comprises the sale of 13 units of the Lunda/Bengo Special Economic Zone (SEZ), is due to begin this month and may extend into April, announced on Thursday in Luanda the executive director of the Institute of Management of State Assets and Holdings (IGAPE).

Akiules de Jesus Neto recalled that the first phase of the privatisation process, held in 2019, was completed with the sale of five manufacturing units that exist in that SEZ, with the State raising US$16 million from those sales.

For this second phase the companies include Indupackage, focused on production of metal packaging, Betonar (pre-stressed concrete), Inducarpin (carpentry), Induplas (plastic bags), and Indutive (paints and varnishes).

The list also includes Mangotal (metal towers), Pipelaine (PVC pipes), Talhafal (metallic tiles), Transplas (PVC accessories), Vedatela (fencing), Absor (absorbents) and Saciango (cement bags).

The president of IGAPE also said, according to Agolan news agency Angop, that of the 13 industrial units to be sold only Saciango and Absor are not currently in operation.

These 13 companies are part of a group of 195 assets held partially or totally by the state that will be sold off by 2022, as part of the Privatisation Programme (Propriv).

Highlights of the list include airline TAAG, Angolan oil company Sonangol, communications company Unitel, diamond company Endiama, beermaker Cuca and cement company Nova Cimangola.

Some of those companies will be sold via public tender, limited tender by prior qualification or privatisation on the stock exchange, under the terms of the privatisation programme underway since the beginning of the year. (macauhub)