Ver Angola

Economy

Government extends PROPRIV for another three years to dispose of new assets and stakes

The President of the Republic, João Lourenço, approved, through a presidential decree, the extension of the period of execution of the Privatization Program (PROPRIV) for another three years, that is, for the period 2023-2026.

: Ampe Rogério/Lusa
Ampe Rogério/Lusa  

According to a statement from the Institute for the Management of State Assets and Participations (IGAPE), to which VerAngola had access, this extension of the deadline is justified by the need to finalize the restructuring processes in which the national benchmark, as well as the emergence of new assets to be privatized through the asset recovery process.

"The extension of the deadline is justified, according to the aforementioned decree, by the need to conclude the restructuring processes which include the national reference companies, the emergence of new assets to be privatized through the asset recovery process and the need to create an active privatization mechanism during the period of reform of the public enterprise sector", reads the communiqué.

Thus, advances IGAPE, the expectation is that for the period 2023-2026 "a total of 73 assets will be privatized".

According to Patrício Vilar, president of IGAPE, among the companies whose privatization should start this year are Unitel, TV Cabo, Angola Telecom, Multitel, Sociedade Gestora da Zona Económica Especial (ZEE) Luanda-Bengo, Sociedade Gestora de Aeroportos (SGA ), between others.

"Those in which the start of operations is scheduled for 2023, with regard to national reference companies, we have Unitel. When we started the program, there were only 25 percent of Unitel and today we are talking about stakes held by the State directly or indirectly 100 percent TV Cabo, Angola Telecom, Multitel which was not privatized in the first phase, the ZEE Management Company, in the transport sector the SGA, in parallel with the SGA we will also need to concession the New Luanda Airport Dr. António Agostinho Neto, CIF Logística, the CIF beer factory, the CIF car factory and the CIF cement factory", said the official, speaking to Rádio Nacional de Angola (RNA).

Patrício Vilar also spoke about the reduction in the time taken to privatize assets: "We were taking an average of 150 days to privatize an asset and today we are taking an average of 34 to 45 days, thanks to the use of an electronic platform to electronic auctions", he said, quoted by RNA.

According to Presidential Decree n.º 78/23 of 28 March – which establishes the extension of the PROPRIV term, and to which VerAngola had access – the list of assets to be privatized includes 21 companies of national reference: Ensa Seguros; BFA; CIF's cement, automobile and beer factories; CIF Logistics; New Luanda International Airport; SGA; ZEE; Multitel; TV Cabo Angola; ENCTA; Angola Telecom; Unitel; Sonangol; Endiama; Bodiva; TAAG; New Village; Nova Cimangola and MSTelcom.

The annexes to the diploma also list 15 Sonangol holdings and assets, including Sonasing Saxi Batuque, Sonasing Xikomba, Sonasing Mondo, Petromar, the Futuro do Amanhã and 1 de Junho children's centres, among others.

There are also listed 17 industrial units of the ZEE – such as Pivangola, Indutive, Induplas, Pipeline, among others – and 20 other assets and companies to be privatised, including Sécil Marítima, Unicargas, TCUL, Caminhos-de-Ferro de Moçâmedes, TV Zimbo, among others.

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