LUSA 04/18/2025

Lusa - Business News - Angola: Government worried about 30 privatised companies still not operational

Luanda, April 17, 2025 (Lusa) - The National Interministerial Commission for the Angolan Privatisation Programme is concerned about the 30 or so privatised assets that are still not operational, said a source linked to the process. According to the chairman of the board of the Institute for Asset Management and State Participation (IGAPE), Álvaro Fernão, a meeting is scheduled for next week to analyse which assets will be privatised and which others may be removed from the list for various reasons. "The privatisation process has been going smoothly, well. So far, 103 assets have been privatised since the start of this programme [2019]. We have some issues to look at carefully, we have some financial defaults, we also have defaults in operationalisation, in other words, the contract is for the successful tenderers to put these assets at the service of the economy," he told the press at the end of the first ordinary meeting of the Interministerial Domestic Commission for the Privatisation Programme (Propriv) on Wednesday evening. Álvaro Fernão stressed that there are records of some assets privatised two or three years ago that are not operational. "We will therefore be working closely with entrepreneurs to understand what is going on and to mitigate this process and quickly put these assets at the service of the economy," stressed the president of IGAPE, emphasising that the commission has instructed the technical groups to put these assets “quickly at the service of the economy”. "I'd like to point out that in the processes we've dealt with to date we've managed to create more than 3,000 direct jobs, not to mention the indirect jobs we've managed to maintain and add to this workforce, but Propriv's big challenge today is still to operationalise some assets that remain inoperative," he noted. The commission's technical support group has been instructed to meet monthly and closely monitor the process, especially the preparation of fixed assets for privatisation. NME/AYLS // AYLS Lusa