Angola eyes IPO for its biggest telecoms company

an initial public offering in 2024 for Unitel, the country’s biggest telecommunications company, as demand for riskier emerging-market assets is predicted to grow this year on expectations of US interest-rate cuts.

“Our focus is on finding a mechanism to accelerate the privatisation process of the state’s indirect holdings in these entities through the stock market,” Dos Santos said in comments broadcast by state-owned Radio Nacional de Angola on 7 February. The companies are among 26 state-owned firms and assets earmarked by the government for disposal this year as Angola tries to attract foreign investment, increase transparency and diversify the economy away from oil.

Benin issued a debut dollar bond this week that was oversubscribed by more than six times, Ivory Coast sold its first eurobond in almost seven years in January and Kenya has announced plans to sell new securities.

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