Angola raises US$34 million from privatisation of seven companies

8 April 2020

Angola has raised 19 billion kwanzas (US$34 million) from the privatisation of seven agro-livestock and agro-industrial companies to five private Angolan companies, after the official contracts for this process were signed on Thursday in Luanda.

The contracts were signed by the chairman of IGAPE, Patrick Vilar, and by representatives of the purchasing companies, Pérola do Kikuxi, Telegest, Sociedade Agro-pecuária do Bailundo and the Edson Droves and FF Empreendimentos groups.

The awards are the outcome of a public tender launched in June 2019 for the privatisation of public companies, an operation which, in August, saw the opening of tenders extended to October, when the results were announced.

Pérola do Kikuxi acquired Luanda Modular Slaughterhouse, valued at 600.5 million kwanzas, as well as the Catete Silo Complex, valued at 1.330 billion kwanzas.

Telegest acquired the Porto Amboim modular Slaughterhouse, while Sociedade Agro-pecuária do Bailundo acquired the Industrial Slaughterhouse of Camabatela for 2.5 billion kwanzas.

The Edson Drove group bought the Caxito Refrigerated Warehouse, budgeted at over 700 million kwanzas and the Caxito tomato and banana plant, valued at over 2 billion kwanzas, while the FF Empreendimentos group purchased the Camaiangala Agro-industrial Farm, located in Moxico province, for approximately 8.9 billion kwanzas.

The assets were part of Public Tender 5/2019, which also included the Malanje Modular Slaughterhouse, a can factory, a tomato processing factory and the Dombe Grande Refrigerated Warehouse, the tomato processing factory and the Namibe Refrigerated Warehouse, as well as the silo complexes of Caconda, Caála, Catabola, Ganda and Matala.

IGAPE said that these companies had received bids or proposals that were below stipulated values, and which were not accepted by the Negotiating Committee appointed to guide the process. (macauhub)