According to the Presidential Order, dated 5 May, the sale of BCI shares held by the State should be done under a Stock Exchange Auction.
The same document, cited by the Jornal de Angola, indicates that the auction will only be aimed at qualified candidates and determines that the entire process be verified and validated by the Minister of Finance, Vera Daves.
According to the Executive's timetable, privatisation is expected to be completed later this year as some of those interested in acquiring the shares have already been identified.
According to the same newspaper, there are foreign and domestic interested parties and all have experience in African markets.
The bank's privatisation comes under the executive's Privatisation Programme (Propriv).