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.
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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.
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