Angola: Second Phase of Factories Privatization Starts This Month

Luanda — The second phase of the privatization process, which foresees the sale of 13 industrial units in the Economic Zone (ZEE) Luanda / Bengo, starts this month and may extend until April 2020, announced today the executive director of IGAPE, Akiules Neto.

In the first phase of this privatization process, carried out in 2019, with the full privatization of five plants installed in the ZEE, the State raised USD 16 million.

For the sales process that starts soon, it has been selected Indupackage dedicated to the production of metal packaging, Betonar (pre-stressed concrete), Inducarpin (carpentry), Induplas (plastic bags), Indutive (paints and varnishes).

It also includes Mangotal (metal towers) Pipelaine (PVC pipes) Telhafal (metal tiles), Transplas (PVC accessory), Vedatela (seal production), Absor (absorbents and Saciango (cement bags).

The official, who was speaking to the press, at a consultation meeting with national and foreign businessmen, explained that of the 13 plants, only Saciango and Absor are inoperative and would be privatized in the first phase.

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