Angola extends period for tender application for state owned agro-industrial firms

ANGOLA – The Angolan Institute of Assets Management and State Participation (IGAPE) has extended the deadline for applications for the public tender of 12 State-owned agro-industrial companies to June 23 this year.

IGAPE was created to manage the state’s financial assets and holdings, and carry out the privatisation and restructuring programme of the corporate public sector, according to a presidential order.

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The extension of the deadline is due to requests by various investors who were unable to visit the industry as a result of the sanitary cordon imposed in Luanda to curb the spread of the corona virus, reports Angola Press.

The companies are Caconda, Matala (Huila), Caála (Huambo), Catabola (Bié) and Ganda (Benguela) Silos complexes, the Cubal agro-industrial complex, the Dombe Grande (Benguela) cold stores, the Namibe cold store, the Dombe Grande tomato and can processing plants, Namibe cold store and Malanje slaughterhouse.

IGAPE says it will have to issue a special permit so that investors can verify the current state of the companies.

The assets are part of Public Tender launched in June 2019, which also included the already privatized agro-livestock and agro-industrial companies by the institution in April this year to five private Angolan companies, fetching the country Akz 19 billion (US$34 million).

Pérola do Kikuxi, acquired Luanda Modular Slaughterhouse, valued at Akz 600.5 million (US$1m), as well as the Catete Silo Complex, valued at Akz 1.330 billion (US$2.2m).

Telegest acquired the Porto Amboim modular Slaughterhouse, while Sociedade Agro-pecuária do Bailundo acquired the Industrial Slaughterhouse of Camabatela for Akz 2.5 billion (US$4.1m).

The Edson Drove group bought the Caxito Refrigerated Warehouse, budgeted at over Akz 700 million (US$1.1m) and the Caxito tomato and banana plant, valued at over Akz 2 billion (US$3.35m), while the FF Empreendimentos group purchased the Camaiangala Agro-industrial Farm, located in Moxico province, for approximately Akz 8.9 billion (US$14.9m).

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