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MAP - Tourist Arrivals in Morocco up 8.2% by End of July
Casablanca-September18,2019-(MAP)-Nearly 7.544 million tourists visited Morocco by the end of July 2019, up by 8.2% compared to the same period...
NNA - 'Under Softer Summer Skies' marks first solo show in Lebanon for American artist Adam Handler
NNA-A new exhibition of works by the internationally renowned American artist Adam Handler opened, in his presence, at Artual Gallery...
MAP - RAM : le développement de la flotte, un prérequis pour mieux servir le tourisme national (M. Addou)
Casablanca-18 septembre 2019-(MAP)-Royal Air Maroc (RAM) est amenée à augmenter sa flotte et s'ériger en un transporteur global au rythme...
MAP - Morocco's Rachid Yazami Receives in Paris Arab Investor Award
Paris -September 18, 2019-(MAP)- Morocco's Rachid Yazami received, Tuesday in Paris, the Arab Investor Award in the "Green Application" category,...
ATA - Dividend tax increased 6 times more above expectations in 8-month period 2019
TIRANA, September 18/ATA/-In the first 8 months of this year, businesses and large companies have taken advantage of the government’s...
NNA - هبية في المبارزة لريتا ابو جودة في المجر
وطنية - أحرزت لاعبة نادي التعاضد الرياضي المزرعة ريتا أبو جودة الميدالية البرونزية في بطولة ايسترغوم المجرية المفتوحة في سلاح المبارزة لفئة السيدات.
وجاءت مشاركة ابو جودة في البطولة على هامش...
ATA - Albania-North Macedonia ‘One Stop Shop’ border crossing point to facilitate movement of citizens
TIRANA, September 18/ATA/- Albania and North Macedonia have agreed on establishing “One Stop Shop” border-crossing point to facilitate the movement...
NNA - Maronite Patriarch Al-Rahi inaugurates Joint Christian Heritage Conference in Holy Valley
NNA -Maronite Patriarch Mar Bechara Boutros Al-Rahi on Wednesday inaugurated the first conference on Joint Christian Heritage in the Holy...
MAP - Morocco, Guest of Honor at Sacred Music Helsinki Festival
Helsinki-September18,2019-(MAP)-Morocco is the guest of honour of the second edition of the Sacred Music Helsinki Festival, which takes place on...
NNA - كلية العلوم الاقتصادية وإدارة الاعمال في اللبنانية النبطية حققت انجازا بنشر 8 أبحاث لأساتذتها في 5 مجلات عالمية متخصصة
وطنية - النبطية - حققت كلية العلوم الاقتصادية وادارة الاعمال في الجامعة اللبنانية - الفرع الخامس في النبطية انجازا "من العلامات المضيئة في الجامعة اللبنانية" حيث تم نشر 8 أبحاث...
MAP - Morocco Wins HH Shaikh Isa bin Ali Al-Khalifa Award for Voluntary Work
Manama -September 18,2019-(MAP)-President of the World Forum for Human Solidarity and the Future, Taqi Allah Maa El Aïnin, received Monday...
NNA - Chilean Ambassador to Lebanon, Marta Chalhub celebrates Chile's national day
NNA - Chilean Ambassador to Lebanon, Marta Chalhub, hosted a reception ceremony at the Casino du Liban upon Chile's national...
MAP - Mise en place à Rabat d'un système d'archivage du patrimoine audiovisuel national
Rabat - 18 septembre 2019 - (MAP) -Le ministre de la Culture et de la Communication, Mohamed Laâraj, a annoncé,...
ATA - «INSTAT: Agricultural exports increased by 15% in 8-month period 2019
TIRANA,September17/ATA/-Albanian agriculture has continued to be the sector with the highest weight in the Albanian economy in the 8-month period...
MAP - «Le Roi : le Maroc de Mohammed VI », un livre pour comprendre le Royaume « au-delà des clichés »
Par: Jalila AJAJA
Paris-18 septembre 2019-(MAP)-«Le Roi : le Maroc de Mohammed VI », le nouveau livre de Guillaume Jobin,...
NNA - Hussein Madi’s 'Italian Hours' at Beirut Art Fair 2019
NNA - The Italian Embassy and the Italian Cultural Institute celebrate Hussein Madi’s “Italian Hours” at the Beirut Art Fair....
MAP - Le navire colombien 'Gloria' fait escale à Casablanca
Casablanca-18septembre2019-(MAP)-Le navire-école de la marine colombienne "Gloria" a accosté , lundi à Casablanca, dans le cadre d'une initiative qui se...
NNA - State Minister for Administrative Development Affairs signs memorandum of understanding with Estonia on e.government
NNA - State Minister for Administrative Development Affairs, Dr. May Chidiac, and the Deputy Minister of Economic Affairs and Development...
ATA - Albania export to Kosovo increased by 20%
TIRANA,September 17/ATA/- Kosovo has increased its exports to Albania by 7% more than last year, while Albania exports to Kosovo...
MAP - Biennale de Luanda : L'Angola ouvre ses bras à la paix et accueille la première édition du Forum panafricain pour la culture de la paix
Par : Leila El ALAMI - Luanda - 18 septembre 2019 - (MAP) -L’Angola accueille, du 18 au 22 septembre...
NNA - ورشة عمل في الجامعة الأميركية في بيروت عن الخبرات والتطورات في التحول الجامعي ومستقبله في التعليم العالي
وطنية - استضافت الجامعة الأميركية في بيروت (AUB) وكلية العلوم الزراعية والغذائية (FAFS) ورشة عمل عن الخبرات والتطورات في التحول الجامعي كجزء من مشروع تحويل التعليم العالي الذي تموله شركة...
CNA - Prices of construction materials rose slightly in August
CNA - ΝICOSIA - The Price Index of Construction Materials reached 101,40 units (base year 2015=100,00) in August 2019, recording...
CNA - Harmonized Index of Consumer Prices up by 0.6% in August
CNA - ΝICOSIA - The Harmonized Index of Consumer Prices increased by 0.6% in August 2019 compared with August 2018,...
CNA - قبرص توقع مع ايني وتوتال عقوداً حول خمس رقع في المنطقة الاقتصادية الخالصة
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
وقعت قبرص اليوم الأربعاء اتفاقيات مع شركتي توتال الفرنسية وإيني الإيطالية للتنقيب في الرقعة 7 من المنطقة الاقتصادية الخالصة لقبرص. كما...
Lusa - Business News - Portugal: PSI20 stock index closes Wednesday falling 1,28% to 4,991.75
Lisbon, Sept. 18, 2019 (Lusa) - The PSI20, Portugal’s leading stock market index, closed Wednesday’s session losing 1.28% to 4,991.75...
Lusa - Business News - Portugal: Republican Guard (GNR) seize 7.6 tons of marlin worth €137,538
Matosinhos, Porto, Sept. 18, 2019 (Lusa) – Portugal’s Republican Guard (GNR), through the Coastal Control Detachment of Matosinhos, on Wednesday...
Lusa - Business News - Portugal: EU new car sales drop 8,4% in August
Brussels, Sept.18,2019 (Lusa) - European Union (EU) passenger car sales fell 8.4% in August to 1,041,856 units after a 1.4%...
CNA - رئيس مجلس النواب يصرح بأنه على الاتحاد الأوروبي أن ينتقل من الأقوال إلى الأفعال فيما يتعلق بالاستفزازات التركية
وكالة الأنباء القبرصية - سلوفينيا / لوبليانا - غريغوريس سافاس
صرح رئيس البرلمان القبرصي ديميترسي سيلوريس خلال زيارته الرسمية إلى سلوفينيا، أنه ينبغي على الاتحاد الأوروبي أن ينتقل من الكلام إلى...
Lusa - Business News - Portugal: Remittances from country's emigrants fall to €369,8 M in July
Lisbon, Sept. 18, 2019 (Lusa) - Portuguese emigrants' remittances home fell 0.1% in July to €369.8 million, while the sums...
Lusa - Business News - Portugal: VAT payment deadline extended by five days from 1 October
ZAGREB, Sept18 (Hina)-Croatia is ranked 33rd on a list of the world's wealthiest countries, with net financial assets of 10,560...
HINA - Allianz: Croats have net financial assets of EUR 10,560 on average
ZAGREB, Sept18 (Hina)-Croatia is ranked 33rd on a list of the world's wealthiest countries, with net financial assets of 10,560...
Lusa - Business News - Portugal: Police, nature institute report almost 200 camping crimes
Lisbon, Sept. 18, 2019 (Lusa) - Portugal’s police (GNR) and the Institute for the Conservation of Nature and Forests (ICNF)...
CNA - بريطانيا تعرب عن تقديرها لموقف الرئيس أناستاسياديس من الخروج باتفاق من الاتحاد
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
أعرب الوزير البريطاني لخروج بريطانيا من الاتحاد ستيفن باركلي عن تقديره لموقف رئيس جمهورية قبرص نيكوس أناستاسياديس بشأن التوصل إلى اتفاق...
Lusa - Business News - Portugal: Dairy farmers outcry at university plan to remove beef from canteens
Coimbra, Portugal, Sept. 18, 2019 (Lusa) – Portugal’s Milk Producers Association (APROLEP) on Wednesday issued a "vehement protest" at the...
CNA - بريطانيا تؤكد على حقوق المواطنين القبارصة على اراضيها بعد خروج بريطانيا من الاتحاد الأوروبي
وكالة الأنباء القبرصية - المملكة المتحدة / لندن - ثناسيس غافوس
قال المتحدث باسم الوزارة المعنية بخروج بريطانيا من الاتحاد لوكالة الأنباء القبرصية في لندن، أن زيارة الوزير ستيفن باركلي إلى...
Lusa - Business News - Angola: Fitch downgrades outlook for 'B' sovereign debt rating to 'negative'
London, Sept.18,2019 (Lusa) – Credit rating agency Fitch on Wednesday downgraded the outlook for Angola’s sovereign debt to negative from...
Lusa - Business News - Portugal: H1 deficit 0.8% of GDP after Novo Banco injection - watchdog estimate
Lisbon, Sept.18,2019 (Lusa) – Portugal’s first-half public sector budget deficit is estimated to have swelled to 0.8% of gross domestic...
Lusa - Business News - Portugal: T-bill auction raises €1.25B at lowest yields
Lisbon, Sept. 18, 2019 (Lusa) – Portugal on Wednesday auctioned €1.25 billion, the minimum indicative amount, in treasury bills at...
Lusa - Business News - Mozambique: Oil trader Vitol, state-owned ENH launch gas trading joint venture
Maputo, Sept. 18, 2019 (Lusa) Oil trading company Vitol and Mozambique’s state-owned Empresa Nacional de Hidrocarbonetos (ENH) have launched ENH...
Lusa - Business News - CPLP: Brazil with most refugees, Portugal with more emigrant remittances - UN
United Nations, Sept.18,2019 (Lusa)- A United Nations (UN) report reveals that Brazil is the Portuguese-language country that receives the most...
Lusa - Business News - Portugal: Only member state with negative inflation in August - Eurostat
Brussels, Sept.18,2019 (Lusa)– The annual inflation rate remained stable in August in the euro zone (1.0%) and in the European...
Lusa - Business News - Portugal: Fertagus rail operator 'renegotiates' concession
Almada, Portugal, Sept. 18, 2019 (Lusa) – The director of Fertagus, the commuter rail operator connecting Portugal’s capital Lisbon and...
Lusa - Business News - Portugal: Dão aims to have most expensive, highest quality wine in the country
Viseu, Portugal, Sept.18, 2019 (Lusa) – The president of the Dão Regional Wine Commission (CVR Dão) told Lusa on Wednesday,...
CNA - المفوضة ستيلا كيرياكيديس تلتقي برئيس البرلمان الأوروبي
وكالة الأنباء القبرصية - فرنسا / ستراسبورغ
أكدت المفوضة القبرصية المعينة في المفوضية الأوروبية ستيلا كيرياكيدس خلال اجتماعها مع رئيس البرلمان الأوروبي ديفيد ساسولي في ستراسبورغ، أنها ستعمل بجد وبتعاون وثيق...
Lusa - Business News - Portugal: PSI20 opens 0.11% down at 5,050.70 points
Lisbon, Sept. 18, 2019 (Lusa) – The Lisbon stock exchange opened in negative territory on Wednesday with the main benchmark...
CNA - جهود مبذولة لمناقشة قضية فاروشا في البرلمان الأوروبي
وكالة الأنباء القبرصية - فرنسا / ستراسبورغ
يبذل أعضاء البرلمان القبرصي جهوداً متعلقة بالتطورات في الجزء المسور من مدينة فاماغوستا المحتلة من قبل تركيا والمعروفة باسم فاروشا، لمناقشتها على مستوى البرلمان...
CNA - قبرص وسلوفينيا تتفقان على تعزيز التعاون بين الدول الصغيرة في الاتحاد الأوروبي
وكالة الأنباء القبرصية - سلوفينيا / لوبليانا
وافق رئيس مجلس النواب ديمتريس سيلوريس ونظيره السلوفيني ديان زيدان عل القيام بالمزيد من التنسيق بين الدول الصغيرة في الاتحاد الأوروبي...
Lusa - Business News - Portugal: Top headlines on Wednesday
Lisbon, Sept. 18, 2019 (Lusa) – The 6 October general election and a decision by Coimbra university to stop serving...
Lusa - Business News - Angola: Privatisations plan 'test for government, investors' - Lisbon law firm




Lisbon, Aug.19,(Lusa)–An unprecedented privatisation plan launched in Angola last week will be a test for the government led by President João Lourenço and for the mutual trust between it and investors, according to the partner for Angola at Lisbon-based law firm PLMJ.
With the government having unveiled a list of 195 public companies in various sectors whose shares it intends to sell between now and 2022, Bruno Xavier de Pina stressed, a successful implementation of the programme, presented on Tuesday, would have "a great impact on the economy", but investors will have the last word on whether it succeeds.
"It's a great test,” said Pina. “It could go very well and be one hundred percent fulfilled, with the entry of private [investors] in all these companies, but we know that it is very difficult [for that] to happen."
He stressed that the onus is on in the government “and its ability to attract investment” at a time when the economy is struggling.
"It is a matter of interest to investors and, for this to happen, the business environment of Angola has to be consolidated and investors must have confidence in the country," he said, alluding to "a series of issues that will be tested" and reflected in the success or otherwise of the programme, such as currency stability, repatriation of investor capital or an improvement of the health system.
According to Pina, the programme is "essential" for the sustainability of Angola’s economy, which is difficult to imagine "without major private investment across the board."
It is therefore important for the government to "give a signal to the world that the Angolan state is willing to reposition itself in the economy, where it has been very present in various sectors", for the private sector to rise to the challenge.
The government must also trust investors.
"There has to be trust in the interested entities, not least technical and operational,” he explained. “There has to be confidence that the investor [who is] interested will be able to take up its position in the company and, above all, will maintain its viability and growth or its recovery depending on the case" – all of which will be assured by due diligence procedures.
In presenting the programme, Angola’s finance minister, Archer Mangueira, said that a period of "due diligence" on the potential investors in each privatisation process has been defined, and that it is also mandatory to "observe the law against money laundering and terrorist financing."
This is, the PLMJ partner stressed, “normal and is in line with international best practice”.
Recognising that the process is "very challenging for Angola", due to the economic and budgetary difficulties of recent years and "the excessive focus on the oil industry", Pina stressed, however, that "the programme has great potential for attraction" of investors, including from Portugal.
He cited sectors such as hotels, tourism and agriculture, but also industry: "We have certain niche companies with know-how, including in Angola, which can consolidate their presence.”
The 195 public companies listed as part of the privatisation programme were grouped into four large groups, depending on the profile of target investors (major national companies, units of state oil company Sonangol, industrial units in the Special Economic Zone, and other companies and assets). Privatisations can variously be undertaken via public tender, on the stock exchange, via stock auctions and limited competition by prior qualification.
The timetable provides for a phased process, extending to 2022, which is justified by the different degrees of openness to the private sector.
What is certain, according to PLMJ, is that a successful privatisation programme will translate into a "completely new business environment", which would bring an injection of private capital injection and know-how with a "very positive impact" on Angola.
As for the funds raised form the sales, it is too early to make any estimates, Pina said.
"It's a lottery,” he remarked, citing the many factors involved. “There are 195 companies of all kinds, from viable companies to others with difficulties. It is all very variable and it would not be rigorous to estimate or advance a market price for this programme."
Mineral and petroleum resources, telecommunications and information technologies, transport, finance, hotels and tourism, agriculture and industry are the sectors in which the privatisations are to take place.

RCR/ARO // ARO.
Lusa


Agency : LUSA

Date : 2019-08-20 09:23:00







 

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