Angola Begins Privatisation of 30% Stake in Largest Insurer ENSA

• 720,000 shares available through IPO on the stock exchange
• Insurance sector saw 21.4% growth in 2023 despite past challenges

Luanda, Angola – The Angolan government has started the process of privatising 30% of the share capital of ENSA, its largest state-owned insurer, through an Initial Public Offering (IPO) on the stock exchange. The privatisation, which began on September 24, makes 720,000 shares of ENSA available, with applications running until 3:00 PM on October 25. The share price ranges between a minimum of 6,499.80 Kwanza (USD 6.87) and a maximum of 12,449.80 Kwanza (USD 13.16).