Luanda, April 17, 2025 (Lusa) - Over the last five years the Angolan government has contracted around one trillion kwanzas ( €960.2 million) and received 640 billion kwanzas (€614.5 million) from the privatisation of 103 assets. According to the chairman of the board of directors of the Institute for the Management of State Assets and Holdings (IGAPE), Álvaro Fernão, the National Interministerial Commission for the Privatisation Programme (Propriv) held its first ordinary meeting on Wednesday, which analysed the 2024 Report, looking in particular at the stock market privatisations planned for this year and other fixed assets. From 2019 to 2024, one trillion kwanzas were contracted, of which over 640 billion kwanzas were actually received. Álvaro Fernão pointed out that this year the Banco de Fomento Angolano (BFA), Standard Bank, mobile operator UNITEL and TV Cabo are scheduled to be privatised on the stock market. "There has still been no decision to extend the deadline for privatisations, the stock market is currently preparing these assets for privatisation, we currently have four assets, it will be the year in which we will have the most privatisations on the stock market since its creation," he said. The president of the Institute for the Management of State Assets and Holdings stressed that the stock market privatisation of BFA and Standard Bank should take place at the end of the first half of the year, "if not two weeks later". "We have a placement of around 300 billion [kwanzas] (just over €288 million) for BFA. It will be our largest placement since the start of this privatisation mechanism on the stock market, the last one we did was for a 10% stake in BAI, around 40 billion [kwanzas] ( €38.4 million)," he said. Last March, the Angolan state announced the privatisation of 15% of its stake in BFA, with 1% reserved for the institution's employees. Initially planned for the 2019-2022 period, with a total of 195 public assets to be privatised, PROPRIV was extended to the 2023-2026 period by Presidential Decree no. 78/23 of 28 March. NME/AYLS // AYLS Lusa