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Angolan state to raise €1 billion in privatizations from 2019 to 2022

The Angolan government has signed contracts for privatizing 92 assets and companies amounting to €1.6 billion, of which it pocketed €1 billion.

According to the Angolan Finance Minister, at the opening of the presentation ceremony of the extension of the Privatization Program (Propriv) 2023-2026, the Angolan authorities are pleased with the results achieved in the first phase of the program (2019-2022), which allowed to guarantee 2,763 direct jobs, of which 1,233 new jobs and maintenance of 1,530 of the old ones.

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