Luanda - Angolan government expects to collect 1.5 billion kwanzas with the conclusion of the public tender auction for the privatisation of the 4th wave of three industrial units installed in Luanda/Bengo Special Economic Zone (ZEE).
They are the Inducon industries that were proposed by competitor Casanova-Home and Office, Labcontrol by Angomelhor and Tensão-BT by Ultrastone.
According to a press note, released by the Asset Management and State Shares Institute (IGAPE), reached ANGOP Tuesday, the award proposals had already been approved.
Proposals submitted to IGAPE present payment guarantees already provided, representing a cash inflow for the State standing at 1.4 billion kwanzas, which will be settled within a period of 180 days from the respective signing of the contracts.
On the other hand, IGAPE says that three other proposals for the acquisition of industrial units were not awarded, namely, the acquisition of Inducamar, Sidurex and Pivangola.
“The referred decision owed to the fact that situations were detected that indicate behaviour by the competing entities that indicate practices restricting competition in public procurement, prohibited by law, which were officiated to the competent regulatory authorities”, reads in the document.
However, the units not awarded will have to be submitted again to tender through an electronic auction, an instrument that has proven to be a transparent and quick mechanism for transferring assets to the private sector, according to IGAPE.
Another 36 assets for 2023
For the year 2023, the Executive plans to privatize 36 assets and companies in the sectors of industry, mineral resources and oil, telecommunications and transport.
Of the total assets, according to the 2023 State Budget Report consulted by ANGOP, 18 are processes started in 2022, about to end.
For this year 2022, the Executive has programmed the privatisation of 71 assets and companies, of which 32 processes have been completed.
With the assets and companies expected for the 2023 financial year, revenues are expected to be around 38.5 billion, of which 28.1% corresponds to assets and companies already privatised and 71.9% to processes expected to conclude in 2023.
The disposal of these assets will be through an initial public offering (IPO), privatisation by public tender and privatisation by limited tender subject to prior qualification.
Until October of this year, according to the Secretary of State for Finance and Treasury, Ottoniel dos Santos, at the 1st meeting of the Inter-ministerial Commission for the Implementation of PROPRIV, the sale of 94 State assets and shares, included in the Privatisation Programme (PROPRIV), had yielded 961 billion kwanzas (Kz), in the period 2019-2022. However, the Government had only cashed in 565 billion.
