Luanda – Angolan government has rescued stakes in financial institutions, buildings, companies, vehicles and miscellaneous assets, as part of asset recovery and privatisation of public companies started since 2017.
They are goods that were illegally in the possession of people who defrauded the treasury for many years, according to official data released Thursday in Luanda.
According to the source, in the last five years, movable and real estate assets constituted with public funds, worth more than 5.4 billion dollars, have been seized or frozen.
Of that amount, 2.7 billion is in cash, and another 2. 6 billion in real estate (housing, offices, factories and port terminals).
The assets, now owned by the Angolan State, are improving the living conditions of thousands of citizens, with stress to the investments made in programmes to combat poverty, social development and the promotion of employment.
Privatizations
In 2019, the 2019/2022 Privatisation Programme was launched, which provides for total or partial privatisation of large, medium and small public companies.
Among the goals of the programme, highlight goes to the creation and promotion of favorable conditions for private investment, the acquisition of equipment, technologies, as well as specific skills for the restructuring and resizing of the Public Business Sector.
Thirty-nine assets and companies were privatised and 162 manufacturing units are yet to be privatized, as part of the programme. Of this number, 100 are active with paralyzed activities, being located in the Special Economic Zone.
Source: Angola Press News Agency