Unitel, Angola’s leading telecommunications company, has launched a historic Initial Public Offering (IPO), placing 15% of its capital up for sale. The company is offering 7.5 million shares, with expectations to raise approximately 300 billion kwanzas (€281.9 million), marking the largest public offering ever conducted in Angola.
The announcement was made by Paulo Graça, administrator of BFA Capital Market, who confirmed the scale and significance of the Oferta Pública de Venda (OPV). This move is seen as a major step for Angola’s capital market, opening up ownership of a key national company to a broader investor base.
In parallel, the Administração Geral Tributária (AGT) has announced plans to refund a record 300 billion kwanzas in VAT to companies this year, further signaling positive fiscal developments for the business environment.
The IPO is expected to attract both local and international investors, reflecting growing confidence in Angola’s economy and its push for diversification beyond oil.
Article source: jornalf8.net | Image credit: CxO Trail
