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.
