Ver Angola


Angola plans to sell stake in Sonangol by 2027

The sale of 30 percent of Sonangol continues to be part of the Executive's intentions, which plans to sell the stake by 2027. The sale was reiterated by Patrício Vilar, chairman of the Board of Directors (PCA) of the Instituto de Gestão de Activos e Participações do Estado (IGAPE), which said it does not know whether the oil company will be “privatized in 2023, 2024 or 2025”, guaranteeing that “if the market is ready”, the company will be privatized during the next term.


According to the PCA of IGAPE, quoted by Bloomberg, in addition to the sale of Sonangol, the conclusion of the sale of Endiama is also in the plans for the next five years.

"We don't know if Sonangol will be privatized in 2023, 2024 or 2025," said IGAPE's PCA, in an interview quoted by Bloomberg.

However, Patrício Vilar left the guarantee that "if the market is ready" the oil company and the diamond company will be sold over the next five years: "What I can guarantee is that, if the market is ready, Sonangol and Endiama will be privatized" during the five-year term of office of the new Executive.

Cited by Bloomberg, the official reinforced the Executive's commitment to privatizing Sonangol, safeguarding that the sale may cover several stages, with the terms still under analysis.

It is recalled that the country started with the Program for Integral and Partial Privatization of Public Enterprises (Propriv) in 2019. The initial list had 195 assets, but after some revisions, it was left with 140 assets.


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