"We are aiming for the end of 2021 or the beginning of 2022 to start the privatization process of large companies such as Sonangol or Endiama", said the minister during the Bloomberg Investir em África conference, which took place in virtual format.
The sale is part of the country's intention to raise funds and restart positive economic growth that has not happened for five years.
So far, Angola has sold 30 companies through a privatization program that runs until 2022, the total of which points to 195 assets that are destined to be sold.
The deadline, however, "depends on the speed with which it will be possible to organize these companies and the guarantee of compliance with 'due diligence' [compliance with international procedural rules] to capture the interest of quality investors," added Vera Daves.
In her intervention at the conference organized by Bloomberg, the finance minister said that she expects 2021 to be a "tipping point" in the economic recession that the country has been experiencing since 2016, and foresees a stagnation for that year.
The growth, he said, will be sustained in the non-oil sector, including agriculture and mines, in addition to the results of the reforms launched by the executive in the last three years.
Regarding public debt, which the minister chooses as the main priority, alongside health, Vera Daves said that she does not intend to issue new debt until the main international financial markets "regain confidence" and assumed that the Government is aware of the difficulties.
"We are fully aware that this is not an easy time," said the minister, asking for patience from young people who in recent weeks have been demonstrating in Angola to ask for better living conditions.
