Angola to Privatize 73 New Assets Under Extended Propriv Program

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May 11, 2023

Processes to privatise ENSA, Unitel, TV Cabo and BFA started in 2023 while companies such as national airline TAAG, Aldeia Nova, diamond firm Endiama, National Oil Company Sonangol and Angola Debt and Securities Exchange will be targeted in 2024.

Angola’s government aims to finalize the privatization of 31 assets by Q4 2023, and is also working on privatizing 11 Sonangol processes, with plans to exit the company by 2027. Additionally, the government is planning to privatize seven new assets in the Special Economic Zone.

As part of the first phase of the Propriv initiative, Angola’s government aimed to privatize 178 companies and assets. Between 2019 and 2022, 96 of these were successfully privatized, raising $1.13 billion.

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ANGOLA OIL & GAS 2023

Representing the country’s official energy event, AOG 2023, in partnership with the Ministry of Petroleum and Mineral Resources of Angola, will take place in Luanda.

ANGOLA OIL & GAS 2023

Representing the country’s official energy event, AOG 2023, in partnership with the Ministry of Petroleum and Mineral Resources of Angola, will take place in Luanda.

Nicholas Nhede

Nicholas is an energy sector journalist with a passion on how technology and diversification of the energy mix can be used to address energy sector challenges. Nicholas holds a diploma in Journalism and Communication studies and has been covering energy-related topics including the Internet of Things, distributed energy and digitalisation since 2015.