ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage



Home » News » Economy

Thu, 06 Feb 2020 20:20 - Updated Thu, 06 Feb 2020 18:46

Second phase of factories privatization starts this month

Luanda - The second phase of the privatization process, which foresees the sale of 13 industrial units in the Economic Zone (ZEE) Luanda / Bengo, starts this month and may extend until April 2020, announced today the executive director of IGAPE, Akiules Neto.

Send by email

To share this news by email, fill out the information below and click Send


To report errors in the texts of articles published, fill out the information below and click Send

In the first phase of this privatization process, carried out in 2019, with the full privatization of five plants installed in the ZEE, the State raised USD 16 million.

For the sales process that starts soon, it has been selected Indupackage dedicated to the production of metal packaging, Betonar (pre-stressed concrete), Inducarpin (carpentry), Induplas (plastic bags), Indutive (paints and varnishes).

It also includes Mangotal (metal towers) Pipelaine (PVC pipes) Telhafal (metal tiles), Transplas (PVC accessory), Vedatela (seal production), Absor (absorbents and Saciango (cement bags).

The official, who was speaking to the press, at a consultation meeting with national and foreign businessmen, explained that of the 13 plants, only Saciango and Absor are inoperative and would be privatized in the first phase.

Tags Economy   Factory  

Read also
  • 05/02/2020 11:37:40

    Foreign Affairs Ministry committed to attracting investments

    Luanda - Angolan Foreign Minister Manuel Augusto reiterated his ministerial department's commitment to keep on attracting external investments aimed to ensure the sustainable economic development of the country.

  • 30/01/2020 08:58:58

    Fisheries value chain boosts economy

    Luanda - The interconnection among different sectors of Angolan fisheries value chain ensures the sustainable development of the economy, said Wednesday the Secretary of State for sector, Carlos Cordeiro.

  • 29/01/2020 17:09:02

    Angola wants to accelerate capital market instruments

    Luanda - Angolan Finance minister, Vera Daves de Sousa, has expressed the need to accelerate the deepening of the capital market instruments for the financing of the country’s economy, reads a note from the incumbent Ministry that reached Angop on Tuesday.