ProPriv — Angola Privatization Program
Angola’s comprehensive state asset privatization program, established in 2019 under Presidential Decree. ProPriv aims to divest 74 state-owned enterprises across multiple sectors to improve efficiency, attract foreign investment, and develop the capital markets.
Key Facts
- Full Name: Programa de Privatizações
- Established: 2019
- Total Entities: 74 state-owned enterprises
- Sectors: Banking, insurance, telecom, mining, agriculture, industry, transport
- Key Completed: BAI (2022), ENSA (2024), BODIVA (2024), BFA (2025)
- Key Pipeline: Unitel, Sonangol (partial), TAAG, Banco Económico, Port of Luanda
Impact on Capital Markets
ProPriv is the primary pipeline for BODIVA listings. Each successful IPO adds liquidity, diversification, and institutional credibility to Angola’s equity market. The program targets BODIVA listing as the preferred privatization method for larger entities, with trade sales and management buyouts for smaller assets.