Angolan government to sell stakes in state cement companies

A report by Díario da Republica confirms that the Angolan government is to sell stakes in several state companies including cement plants to finance projects for the economic and social development of Angola.

The government is selling 175 companies by public tender, 11 by auction and nine by initial public offering with 80 sales in 2019 and 90 in 2020.

The cement company shares that would come under sale include those of Nova Cimangola and Secil do Lobito. Nova Cimangola operates two integrated plants in Luanda and is constructing a new 2Mta integrated plant in Benguela. Secil Angola runs a 0.3Mta grinding plant in Lobito.