Africa-Press – Cape verde. It’s official. The Government of Cape Verde’s priority is to implement privatizations and other strategic partnerships, indicates the new Public Business Sector Performance Report, which details an agenda of processes to be completed. The list includes several public and affiliated companies, such as TACV, Eanpor (port operations), ASA, Emprofac/Inpharma, INPS, Cabnave, among other units.
“ The implementation of the agenda of companies subject to privatization, partial sale, concession and public-private partnerships will continue to deserve our priority” , reads the message from the coordinator, Sandeney Fernandes, who opens the report, which Lusa had access today.
The agenda aims to “ complete the technical work and launch the processes ” for the sale of the State’s stake in Caixa Económica through the Cape Verde Stock Exchange (BVC), the privatization of ENAPOR’s port operations, along with another point, the privatization of Emprofac/Inpharma (pharmaceutical sector) and CV Handling (airport cargo management) to strategic partners, including sale to workers and emigrants, also through BVC.
Also on the list is the sale of the shareholding held by the National Airports and Air Security Company (ASA) and the National Social Security Institute (INPS) in CV Telecom and the institutional reform and restructuring of the energy sector, with the privatization of Electra “ in type of spin-off, as well as sale of shares representing the share capital of two companies, producing and distributing electricity ”.
According to the same source, the restructuring of the Cabo Verde Naval Shipyards (Cabnave) and the stabilization of the operations of Transportes Aéreos de Cabo Verde (TACV) and its privatization are also on the list.
This agenda aims to “consolidate the good execution of completed projects, such as the concession of the public maritime transport service between passenger and cargo islands and the concession of public airport service at airports and aerodromes in Cape Verde”, the message details.
At an institutional level, legal reforms and the implementation of a holding company are also planned, “ with a focus on efficiency and effectiveness in risk monitoring and assessment processes ”.
The State Business Monitoring Unit (UASE), dependent on the Ministry of Finance and Business Development, “expects to continue and accelerate reforms” of the State’s business sector, making it a “catalyst and accelerator of growth and sustainable development in Cabo Green”, he concludes.
The new Public Business Sector Performance Report to which Lusa had access reveals that all companies owned by the Cape Verdean State reduced losses by 73% in 2022.
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