Luanda - The National Interministerial Commission for the Programme of Privatisation of State Assets plans to remove 25 properties from the total of companies to be sold under the Privatisation Programme (PROPRIV), said the secretary of State for Finance and the Treasury, Ottoniel dos Santos, on Monday in Luanda.
The proposal, which was analyzed in a meeting Monday led by the minister of State for Economic Coordination, Manuel Nunes Júnior, will be in the coming days submitted to the higher authorities for analysis and approval.
According to the secretary of State, these are companies with a lack of attractiveness, taking into account that they are to be sold, as some argue that they should remain within public sphere and others propose liquidation rather than privatisation, given the analyses made of their situation.
Talking to the press at the end of the meeting, Ottoniel dos Santos said that the Privatisation Programme will be extended for a period of five years due to the existence of a number of cases to be concluded and other assets, whose outstanding issues could be resolved in order to enter the privatisation process.
Inflow of around Kz 561 billion
Since 2019, when the privatisation programme began, the government has already collected 561 billion kwanzas to the state coffers, and other contracts with advanced values of 394 billion kwanzas are under collection.
According to Ottoniel dos Santos, there are currently some payments due, totalling 15.1 million kwanzas.
The amount received so far is the result of the privatisation of 96 companies and assets.
At this moment, another 82 assets are yet to be privatised, of which 27 are in the process of being privatised, 31 are pending and 25 have yet to be removed from the privatisation programme.
Previously, PROPIV had a total of 195 companies and assets for privatisation, having been reduced to a total of 178 assets, in the framework of the changes made.
According to the secretary of State, the PROPIV execution level has already reached 69%, having been considered a promising initiative in the country´s economy field.
