Angop - Agência de Notícias Angola Press

Assets management institute prepares dossier for hotels sales

Sat, 23 May 2020 15:15 - Economy

Luanda - The Assets and State Participation Management Institute (IGAPE) is to hold on May 28 a hearing session to present four hotel units expected to be sold under the privatization process underway in the country.

According to IGAE, the Infotur hotels in Benguela, Cabinda, Huila and Namibe, all with the three-star category are the ones expected to be sold.

According to a note that reached ANGOP on Friday, IGAPE justifies that the privatization of the hotels is in line with restructuring and resizing of the Public Enterprise Sector (SEP), which is part of the objectives of the sustainability of public finances policy, under the National Development Plan 2018-2022.

The privatization process conducted by this body attached to the Ministry of Finance aims to bring more capital and know-how to Angolan companies by reducing the presence of the State as shareholder.

For investors interested in the privatization process of the Infotur's hotel units, they will be able to participate in the market auscultation to be held online.