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Luanda/Privatization Program: a default of 12.28 billion kwanzas registered

29/03/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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At the end of the 2nd meeting of the PROPRIV National Interministerial Commission on Tuesday, the Secretary of State for Finance and Treasury, Ottoniel dos Santos, indicated that 12.28 billion kwanzas is the missing amount for the total sale of companies and shares of the & State, included in the Privatization Program (PROPRIV

).

The Secretary of State for Finance and Treasury told Luanda that investor debt represents 2% of the total value, which includes 23 contracts, out of a universe of 155 signed. According to him, during the first phase of the implementation of PROPRIV, in 2019, 103 assets were privatized, with a contractual value of 1.03 billion kwanzas, while During the extension period of the program, in 2023, approximately 11 assets were privatized. Throughout the period of implementation of the program, fines estimated at around 250 million kwanzas were applied, due to late payments made by the various contractors, who competed and won the tenders

for the assets.
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