Search

Angola Begins Privatisation of 30% Stake in Largest Insurer ENSA

Allen dreyfus Logo
© Allen Dreyfus
  • 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).

You need an active subscription to continue reading this article.

Recent Business

edouard-tamba-bZnciM7XIYw-unsplash
Cameroon targets CFA 45bn capital outflow with new reinsurance reform bill
Read More »
Allen dreyfus Logo
IMF unlocks $32.8m for Burkina Faso as insecurity rattles mining sector
Read More »
yanick-folly-kWPNxQyAT6M-unsplash
Benin caps uptake in record bond auction to curb debt costs
Read More »

Recent Politics

Allen dreyfus Logo
Nigeria’s green bond oversubscribed as climate funding gains traction
Read More »
rupixen-nI--XptpMa8-unsplash
A Broken System, a Historic Chance: Inside the Fight to Rewrite Global Debt Rules
Read More »
Allen dreyfus Logo
Nigeria inflation slows again in May, raising rate cut prospects
Read More »

Latest Posts

Latest news insights