Angola: privatization of state companies [Business Africa]

Fri, 12 May 2023 07:30:27 +0000

The government of Angola has begun a massive privatization drive. Luanda has increased the number of companies up for privatization to 195. A little over a year ago, only 74 companies were listed for the sale. The project which begun at the end of last year is expected to be completed by 2022. Managers of this resource-rich Central African nation have assured that revenues accrued will help finance the economy and develop productive sectors.

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