Chinese investors are showing mounting interest in the privatisation of BCI bank and the ENSA insurance company in Angola, according to the Jornal de Angola newspaper.
Chinese investors who participated in a recent video conference presentation of Angola’s Privatisation Program (Propriv) enquired about the model for the sale of the bank and the insurer and whether tax incentives are available, as well as for operations through the Angola Debt and Stock Exchange (Bodiva).
Other areas of interest were related to possible limits on the formation of mixed capital companies in sectors such as oil and gas, and whether other companies can still be included in the Propriv program.
In the three-hour meeting, organised by the State Asset Management and Participation Institute (IGAPE) with the participation of more than 100 Chinese business representatives, the Minister of Finance, Vera Daves, and the Chinese ambassador, Gong Tao, hailed the solid trade that exists between the two countries.
The executive director of IGAPE, Augusto Kalikamala, the chairman of the Board of Directors of Bodiva, Walter Pacheco, as well as Alexandre Santos and Daniela Matos, the representatives of Sonangol, which oversees petroleum and natural gas production in Angola, presented other aspects of the programme to the Chinese.
IGAPE is engaged in a cycle of Propriv presentations that began on 28 July with Portuguese investors, with another four meetings planned until the end of the year, with investors from the US, Spain, Germany and the United Kingdom.
Previous reports have indicated that the privatisation process should be completed by the end of 2021.