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Transports

TAAG privatization will not happen in 2022

The chairman of the Board of Directors of the Institute for the Management of State Assets and Participations (IGAPE), Patrício Vilar, revealed that the privatization of TAAG will not happen in 2022.

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The official added that the economic outlook was "quite shaken" during the pandemic and admitted that many of the international buyers had turned into sellers.

Speaking to Luanda Antena Comercial and quoted by Jornal de Angola, Patrício Vilar considered that "selling an airline company these days is not doing it, because no one is going to buy it".

"Let's be straightforward in assuming there are no buyers. Aviation is catching up but it will take time," he added.

Like TAAG, the oil company Sonangol and Endiama, which are undergoing a major restructuring, should not be privatized next year.

The official also informed that so far the State has invested more than 800 billion kwanzas with the privatization of 41 assets.

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