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Economy: Angola will privatize these three companies

27/01/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Angola wants to privatize stakes in its largest telecommunications company such as Unitel SA, and two lenders, Banco de Fomento Angola and the local unit of Standard Bank Group, in the coming months.

L'Angola vendra des participations dans Unitel SA , Banco de Fomento Angola and the local unit of Standard Bank Group. The country's decision is part of a larger effort to attract investors and diversify the economy away from oil, according to the Minister of State for Economic Coordination, José de Lima Massano. The privatization of Unitel will be partly through the Angolan stock exchange. The three companies are among the approximately 200 public entities identified to be privatized in 2019, more than half of which have already been sold. Malgré l' accent mis sur la privatisation, l' Angola conserve des participations dans Banco Comercial Portugues SA And Galp Energia SGPS SA because of their strong market performance, with value growth of 88% and 25% respectively in 2024

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