Africa-Press – Angola. The Minister of State for Economic Coordination, Manuel Nunes Júnior, assured this Wednesday in Luanda that the new assets made available to the market will be widely sought after by economic agents, taking into account the stability of the tax system and the labor law reforms.
Speaking at the closing session to present the extension of the Privatization Program for the 2023-2026 period, he underlined that demand should also be made, depending on the stability achieved in the financial and exchange rate system.
He stressed that the Government will continue to deepen the political, economic and financial reforms in the country, in order to improve the business environment and make Angola an important confluence center for private investments in Africa.
The Minister of State says that, with the privatization process, many State assets that were abandoned and totally paralyzed are now in full activity, providing jobs, paying taxes to the State and generating profits for their owners.
Manuel Nunes Júnior highlighted the fact that privatizations have created 2,763 direct jobs, including 1,233 new jobs and the maintenance of1. 530 jobs that could be at stake, “if the targeted companies had not been redirected to a path of recovery and efficiency”.
According to the minister, the new owners, in general, made heavy investments in the acquired companies so that they could produce “not with a larger dimension, but also more efficiently”.
“Investments were made by the new owners in new equipment and production processes, leading to the technological modernization of the companies and creating the bases so that they can reduce their operating costs and become more competitive”, he said.
He added that the first phase of this privatization process is a basis for drawing conclusions about what has already been done.
“All errors, deficiencies and shortcomings verified in the first phase must now be removed, in this second phase, based on the professionalism, rigor, zeal and commitment of the directors and employees involved in the management of this program”, he reinforced.
The Government extended the privatization process of around 73 assets in the period 2023-2026, less than the 93 companies registered between 2019-2022.
The forecast is contained in Presidential Decree No. 78/23 of March 28th, which approves the extension of the period of execution of the Privatization Program – PROPRIV, for the period in reference.
For More News And Analysis About Angola Follow Africa-Press
