ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage



Home » News » Economy

Sat, 17 Oct 2020 09:23 - Updated Sat, 17 Oct 2020 09:23

Angola raises Akz 24 billion with privatizations

Luanda - With the privatisation of 13 industrial units, in the Special Economic Zone (ZEE), the country raised 24 billion kwanzas (Akz), through the award of contracts, in a public tender involving the participation of 30 companies.

Send by email

To share this news by email, fill out the information below and click Send


To report errors in the texts of articles published, fill out the information below and click Send

Coordinator for technical area of Propiv, Osvaldo João (file)

Photo: Francisco Miudo


In a press statement, after a meeting of the National Interministerial Commission, the body responsible for implementing the Privatisation Programme, the coordinator for the technical area, Osvaldo João, said that of the 13 units six have already been effectively awarded and five more are following the same path in the coming days.

He noted that in Friday's meeting the Commission had been informed of the results of the public tender for the award of the right to exploit and manage three textile units, located in the provinces of Benguela, Luanda and Cuanza Norte.

The results are related to the award of 264 billion Kwanzas, which includes the payment of fixed annual rents, variable rents based on revenues and the exercise of the right to purchase.

This includes the payment of fixed annual rents, variable rents based on revenue and the exercise of the right to purchase.

The textile units Comandante Bula and África Têxtil, located in Cuanza Norte and Benguela, respectively, were awarded to the Baobab Cotonou Group, while Textang II, located in Luanda, was awarded to the IEP Group.

In relation to the privatisation process of Sonangol, the institution launched 25 tenders, of which around two have already been awarded, generating revenues of 23 million euros.

The company's management considered that the assets and stakes whose tenders were launched in recent months were part of two of the main sectors affected by the crisis caused by the Covid-19 pandemic, as well as the oil industry, namely real estate and services to oil producers.

Tags Angola  

Read also
  • 11/10/2020 08:14:28

    Angola advocates FAO restructuring

    Rome - The Angolan ambassador to the United Nations Food and Agriculture Organisation (FAO) Maria de Fátima Jardim considers as "a priority and crucial" the restructuring of this UN specialized agency in order to address the various challenges, in particular the eradication of hunger and extreme poverty in the world.

  • 01/10/2020 12:32:22

    BNA assesses risk of joining "Blockchain"

    Luanda - Governor of the Angolan Central Bank (BNA) José de Lima Massano said Wednesday that the institution was assessing the risks of joining the "cryptographic" cash payment technology, known as "Block chain".

  • 01/10/2020 11:08:44

    SONANGOL committed to scientific research center

    Luanda - Angola?s National Fuel Society (SONANGOL) has announced plans for the construction of the scientific research and innovation center by 2021, under restructuring programme of the company.