The government has approved the privatization of 15% of the share capital of the Luanda-Bengo Special Economic Zone and the sale of 1.44% of its stake in Banco Comercial de Angola through a public tender process.
According to Presidential Order No. 140/26, dated April 20, the President of the Republic authorized the transformation of the Luanda-Bengo Special Economic Zone Development Company into a publicly owned joint-stock company, governed by the Commercial Companies Law. The SEZ is now renamed the Luanda-Icolo and Bengo Special Economic Zone Development Company.
João Lourenço authorized the privatization, through a public tender process, of shares representing 1.44% of the share capital of Banco Comercial Angolano. For both measures, the Head of State delegated authority to the Minister of Finance to carry out all subsequent actions.
Regarding the privatization of 15% of the EEZ, economist and economic security analyst Daniel Tendo notes that, unlike residual stakes, this share carries significant weight and holds considerable potential. The economist believes the decision will generate extraordinary revenue and have a significant impact on the financial market. The economist believes the decision will generate extraordinary revenue and have a significant impact on the financial market.
Source: O País
