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2 clusters · 8 sources · 8 days · First seen · Last updated

Angola privatization of financial assets

Overview

Angola is advancing its Privatization Program (PROPRIV) through the sale of state-linked financial assets.

In late September 2026, Standard Bank Angola (SBA) officially transitioned to a publicly listed company on the Angola Debt and Securities Exchange (BODIVA). This listing followed a public offering that raised 208 billion kwanzas through the sale of 34% of the bank’s social capital. The offering saw participation from 39 non-resident foreign investors.

Following this, the State Asset and Participation Management Institute (IGAPE) announced an auction for a 1.44% stake in Banco Comercial Angolano (BCA). These shares were recovered by the state during asset recovery processes involving former Minister of Transport, Augusto Tomás. The auction, scheduled for late October 2026, is intended to reduce direct state involvement in the business sector and encourage private investment.

Entities

Angola · Standard Bank Angola · Sim Tshabalala · BODIVA · Cristina Giovanna Dias Lourenço

Timeline

  1. [BUSINESS] 6 sources
    Angola to auction 1.44% stake in Banco Comercial Angolano

    Angola is auctioning a 1.44% stake in Banco Comercial Angolano (BCA) recovered from former minister Augusto Tomás as part of its national privatization program.

  2. [BUSINESS] 3 sources
    Standard Bank Angola lists on BODIVA exchange

    Standard Bank Angola has officially listed on the BODIVA exchange, becoming the seventh company on the market and raising 208 billion kwanzas through a state-led privatization program.

Sources

360mozambique.com · correiokianda.info · holdonangola.com · imparcialpress.net · innovation-village.com · motor24.pt · sapo.pt · wnp.pl