The Angolan President today approved, in a decree, the transformation of Angolan airline TAAG into a joint-stock company, a first step towards the likely privatization of the company, whose Board of Directors was exonerated.
The Angolan state oil company Sonangol has handed over a list of 53 companies in which it is present as a subsidiary or subsidiary of the agency responsible for privatizations, Angola's minister of Mineral Resources and Oil said on Monday.
The Angolan president spoke at the opening of the new parliamentary year that took place this Monday in Luanda. In his address, João Lourenço admitted the phased implementation of local authorities in the country within a decade and criticized cults that manipulate the credulity of the faithful.
With diplomatic relations between Portugal and Angola back to normal, Eurico Brilhante Dias, who was part of the Portuguese delegation that visited Luanda in September, says that conditions have been created for entrepreneurs to regain trust in this market.