Angolan State’s Assets Grow 15.5% in 2024

Luanda: The turnover from the privatization of state assets reached Akz 12.8 billion in 2024, representing a 15.9% increase compared to the previous year. In a statement, the Institute for the Management of State Assets and Shares (IGAPE) reported that, in the aforementioned period, equity reached Akz 14.6 billion, representing an 11.5% increase. According to Angola Press News Agency, the results achieved demonstrate the commitment of public companies to strengthen their management and keep pace with the country's evolving economic dynamics. The institution also adds that aggregate assets reached Akz 39.6 billion, signaling an overall performance marked by growth. On the other hand, despite the progress achieved in 2024, the Institute believes that significant challenges remain, as profitability showed a slight decline, with Return on Equity (ROE) reaching 5.4% and Return on Assets (ROA) reaching 2.0%. Likewise, the contribution of public companies to Gross Domestic Product (GDP) went from 18.1% in 2023 to 16.0% in 2024. According to IGAPE, these data reinforce the need to accelerate transformation and promote a results-oriented management culture.