Angola: Government Discloses Firms to Be Privatized

Luanda — The Angolan government disclosed on Wednesday the list containing195 firms expected to be privatized until 2022 under its Privatization Programme (PROPRIV).

The list, which embodies several firms of various socioeconomic sectors, is contained in the Presidential Decree number 250/19 of August 5, published in the State Gazette.

The privatization programme intends to foster the creation of jobs in the country.

According to the State Minister for Economic Coordination, Manuel Nunes Júnior, with this measure , the Angolan government intends to increase competition, efficiency of the firms and the country's economy.

In the meantime, the privatization process assisted by the World Bank will be partial for some strategic firms of the State, such as the oil firm Sonangol, Angola Airlines (TAAG) and others.

Amongst the firms involved this privatization process are Sonangol, Endiama (Diamond firm),TAAG (airlines),Trade and Industry Bank (BCI), Angolan Investment Bank (BAI),(BCGA bank) and Banco Economico bank, as well as financial firms Ensa Seguros (Insurance) and Angola Securities Exchanges (Bodiva).

The process also includes industrial undertakings like Aldeia Nova, Biocom,Textang II, Satec and Africa Textil,

The cement manufacturers Nova Cimangola and Lobito-based Secil as well as the breweries Cuca, Eka and Ngola and the construction firm Mota Engil Angola are also part of the privatization process.

Other firms included in the privatization process are the telecommunication firm Unitel, MS Telecom, Net One, Multitel, Angola Telecom, Angola TV Cables, Angola Cables,(ENCTA) mails firm, Angola Communication and Systems (ACS) and Telephone list firm (ELTA).

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