Since 2019, the Angolan government has raised one billion euros through the privatization of 96 assets under the Privatization Programme (Propriv), which could be extended for another five years.

The information was released this Monday by the Secretary of State for Finance and Treasury, Ottoniel dos Santos, at the end of a meeting to take stock of the ongoing program of privatizations of state companies and assets.

Propriv, run by the Institute for the Management of State Assets and Holdings (IGAPE), started in 2019 with a total of 195 companies and assets for privatization, and was left with a total of 178 assets, after undergoing changes.

Ottoniel dos Santos said that, of the one billion euros that had been allocated, a total of 750.8 million euros are still to be contractually received, with some installments currently overdue, amounting to 28.7 thousand euros.

According to the Angolan government official, 96 companies and assets have been privatized to date, leaving 82 assets, of which 27 are currently underway, 31 are pending and 25 have yet to be removed from the privatization programme.

The Secretary of State for Finance and the Treasury stressed that the assets that are yet to be privatized, and which have their processes underway, will be developed during this first quarter, while the other processes will have to be adjusted(Lusa)