Ver Angola


State will privatize more than 60 assets this year. ENSA is part of the package

By the end of this year, the State plans to privatize around 63 assets. Patrício Vilar, chairman of the Board of Directors of the Instituto de Gestão de Activos et Participações do Estado (IGAPE), informed that ENSA is part of this list and that it should be privatized in the second half of February.


The official informed that 15 assets are expected to be privatized in the first quarter of this year, while the sale of 48 assets and holdings is expected in the second, writes Angop.

Speaking at a meeting with the media, Patrício Vilar explained that the 15 assets relate to processes that were already in the final stretch in 2021: "The 15 assets, to be sold in the first quarter, are actually processes that were already be completed for the most part in 2021, with just a few points left to complete".

In addition to the state insurance company, Bodiva, Banco Caixa Angola, TV Cabo, Multitel, Moagem 10 de Dezembro, Nosso Super, Banco Angolano de Investimento, among others, are also part of the package of assets to be sold.

The official also made it known that the State has Sonangol, Endiama and TAAG in the sale process for this year.

According to Patrício Vilar, these large companies had not yet created the preconditions to proceed with a sale operation.

The chairman of IGAPE's Board of Directors informed that more than half (74 percent) of the assets that have already been sold have been handed over to companies under Angolan law.

He also took the opportunity to inform that of the companies sold under the Privatization Program (Propriv), 41 are operational and 32 are in the start-up phase.

Nine assets were privatized in 2019, while 29 and 35 assets were divested in 2020 and 2021, respectively. The sale of these assets has allowed the State, so far, to amass 850 billion kwanzas.


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