24 November 2017

Angola: Privitisation Must Exclude Bad Record Companies - Official

Luanda — The Angolan State must avoid the temptation to privitise public companies with bad management records in order not to jeopardize the stock market in future.

This was said Thursday in Luanda by the deputy head of the Portugal's Estate Market Commission (CMVM), Filomena Oliveira, advising the Angolan State to avoid the temptation to privataise public companies with bad management records.

"If the intention is to foment the development of the market of capital, then Angola must start with good examples," said Filomena Oliveira on the fringe of the Forum on Market of Capitals taking place in Luanda.

She said as well that in the case of privatising Angola firms through the securities exchange, the authorities should see to it that the said firms have financial and economic stability.

According to her, selling a company in bad financial and economic situation is not very attractive.

Filomena Oliveira said that in the privatisation process a particular attention should be paid to the associated marketing process always linked to the environment of political and economic stability of the country.

Angola

Sonangol to Increase Fuel Storage Capacity in Cabinda

The Angolan National Oil Company (Sonangol) is to increase by next year its stocking capacity, in Cabinda province, from… Read more »

Copyright © 2017 Angola Press Agency. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 900 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.