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Head of State sets up commission to prepare public companies privatisation process

Tue, 27 Feb 2018 11:30 - Updated Tue, 27 Feb 2018 11:30

commission to prepare public companies privatisation process set up.

Photo: Pedro Parente

Luanda - A commission to prepare and implement the privatisation process of some public companies, through the stock market, has recently been created by the Angolan Head of State, João Lourenço, ANGOP has learnt.

The mentioned commission is to be co-ordinated by the minister of State for Economic and Social Development, Manuel Nunes, and include the ministers of Finances, Economy and Planning, as well as the secretaries of the Head of State for Economic Matters, Finances and Treasury.

Other members of the commission are the chairpersons of the Institute for the Public Entrepreneurial Sector (ISEP), Capital Market Commission (CMC) and the Angolan Securities Exchange (BODIVA).

According to the same Presidential Order, issued this February 20, this move is intended to boost entrepreneurial activities, secure an increase in the collection of revenues for the state and promote the country’s stock and securities exchange markets, among other objectives.

The commission will be monitored and supported by aq technical group co-ordinated by the secretary of State for Finances and the Treasury, Vera Daves.    

The commission is also tasked with submitting to the Head of State, in two months’ time, the privatisation programme and the final report on this process, which must include the conclusions and recommendations.