Angola wooing UK over more investments

  • Intercontinental Hotel one of State-owned assets to be sold
Luanda - British investors have been invited to join the Privatisation of Assets and State Participation Programme (Propriv), underway, both in Angola and abroad.

Extended the invitation the secretary of Finance and Treasury, Ottoniel dos Santos, during the roadshow on Propriv held Tuesday.

Ottoniel dos Santos pointed out the investments made by the British entrepreneurs in Angola, with the oil sector coming out on top.

The Secretary of State mentioned the British Petroleum (BP) company that has been operating in Angola since the 1970s and after the 1990s.

This firm has interests in deep-sea offshore blocks, and has invested more than $30 billion by 2018.

 The same company, BP, is also present at Angola LNG - a liquefied natural gas production plant, located in Soyo, northern Zaire province.


"This cooperation can be much more intense and fruitful for both countries", said the official, recalling other investment interests in the agricultural sector, recently announced by the ambassador of the United Kingdom to Angola, Jessica Hand.

The British were presented with the assets and stakes of the Angolan State that were sold and in the process of being sold at national and international level, including ventures with investments by the oil company Sonangol.

In total, there are 139 assets and shares to be sold by 2022.

The holdings in Banco BAI, Caixa Angola, the assets of Sonangalp, Multitel, Cimangola and the agro-industrial project of Aldeia Nova are in the process of privatisation.

The tender for the sale of BCI, the partial sale of ENSA-Seguros de Angola, Net-One, and the assignment of exploration and management rights for the Infortur hotels, built in the provinces of Benguela, Huila and Namibe, is also in progress.

The Angola Debt and Stock Exchange (Bodiva), Motaengil Angola, Mundial Seguros, TV Cabo Angola are other holdings and assets to be sold in an Initial Public Offering (IPO).

Assets abroad

The British entrepreneurs also took notice of Sonangol's holdings in oil companies abroad to be disinvested.

As the majority shareholder, the national oil company is disinvesting from 77, 56% of shares in the Enco-Empresa Nacional de Combustíveis and Oils, Sarl, located in São Tomé and Príncipe.

Still in Africa, Sonangol has to sell its 20% of shares held in SIR-Societé Ivoiriense de Reffinge, in Côte d'Ivoire, through an international tender.

These include a list of 50 companies with subsidiaries and assets controlled by Sonangol, to be sold.

The list covers assets and holdings in Sonangol Cabo Verde - Sociedade e Investimentos and in Fuels and Oils of São Tomé and Príncipe, in the companies Founton (Gibraltar), Sonatide Marine (Cayman Islands), Solo Properties Nightbridge (United Kingdom), Puma Energy Holdings (Singapore) and Sonandiets Services (Panama).

The holdings in the companies WTA-Houston Express and in the French company WTA, in the oil companies Sonacergy - Serviços and Construções Petrolíferos and Sonafurt International Shipping, and in Atlântida Viagens and Turismo will also be sold.

 

The next roadshow will be designed for American investors, next September.

Extended the invitation the secretary of Finance and Treasury, Ottoniel dos Santos, during the roadshow on Propriv held Tuesday.

Ottoniel dos Santos pointed out the investments made by the British entrepreneurs in Angola, with the oil sector coming out on top.

The Secretary of State mentioned the British Petroleum (BP) company that has been operating in Angola since the 1970s and after the 1990s.

This firm has interests in deep-sea offshore blocks, and has invested more than $30 billion by 2018.

 The same company, BP, is also present at Angola LNG - a liquefied natural gas production plant, located in Soyo, northern Zaire province.


"This cooperation can be much more intense and fruitful for both countries", said the official, recalling other investment interests in the agricultural sector, recently announced by the ambassador of the United Kingdom to Angola, Jessica Hand.

The British were presented with the assets and stakes of the Angolan State that were sold and in the process of being sold at national and international level, including ventures with investments by the oil company Sonangol.

In total, there are 139 assets and shares to be sold by 2022.

The holdings in Banco BAI, Caixa Angola, the assets of Sonangalp, Multitel, Cimangola and the agro-industrial project of Aldeia Nova are in the process of privatisation.

The tender for the sale of BCI, the partial sale of ENSA-Seguros de Angola, Net-One, and the assignment of exploration and management rights for the Infortur hotels, built in the provinces of Benguela, Huila and Namibe, is also in progress.

The Angola Debt and Stock Exchange (Bodiva), Motaengil Angola, Mundial Seguros, TV Cabo Angola are other holdings and assets to be sold in an Initial Public Offering (IPO).

Assets abroad

The British entrepreneurs also took notice of Sonangol's holdings in oil companies abroad to be disinvested.

As the majority shareholder, the national oil company is disinvesting from 77, 56% of shares in the Enco-Empresa Nacional de Combustíveis and Oils, Sarl, located in São Tomé and Príncipe.

Still in Africa, Sonangol has to sell its 20% of shares held in SIR-Societé Ivoiriense de Reffinge, in Côte d'Ivoire, through an international tender.

These include a list of 50 companies with subsidiaries and assets controlled by Sonangol, to be sold.

The list covers assets and holdings in Sonangol Cabo Verde - Sociedade e Investimentos and in Fuels and Oils of São Tomé and Príncipe, in the companies Founton (Gibraltar), Sonatide Marine (Cayman Islands), Solo Properties Nightbridge (United Kingdom), Puma Energy Holdings (Singapore) and Sonandiets Services (Panama).

The holdings in the companies WTA-Houston Express and in the French company WTA, in the oil companies Sonacergy - Serviços and Construções Petrolíferos and Sonafurt International Shipping, and in Atlântida Viagens and Turismo will also be sold.

 

The next roadshow will be designed for American investors, next September.