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Angola’s President Joao Lourenco has cleared the way for Initial Public Offerings (IPOs) on government-owned stakes in three of the country’s telecoms operators.
As reported by local outlet Novo Jornal, Presidential Orders No. 184/20 and No. 185/20 have authorised IPOs for the privatisation of state holdings in TV Cabo Angola and Multitel respectively. Order No. 186/20 has sanctioned a “limited tender by prior qualification” for the government’s shares in Net One. All three orders grant the Minister of Finance the authority over the privatisation procedures, inclu