March 16 2021
It is expected that all projects in Angola that were suspended in 2020 due to COVID-19, will be resumed in 2021. One of the main drivers will be the ambitious programme of privatisation, which includes privatising a total of 195 companies by 2022. Such a programme has never been seen before in Angola and includes companies in the oil and gas, diamonds, aviation and insurance sectors, among others. The most important companies in Angola are all expected to be privatised.
The M&A market is essentially controlled by private entities. However due to the privatisation plan, it is expected that the public entity intervention in the market will increase, particularly from the seller side.
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