Angola auctions 1.44% of BCA for 674.2 million kwanzas
By the AFREEQUE newsroom, based on Mercado
The Angolan state is auctioning 900,420 Banco Comercial Angolano shares, representing 1.44% of its capital, at a base price of 674.2 million kwanzas. The electronic sale, scheduled for 29 October under the PROPRIV programme, will be conducted by IGAPE, according to Mercado.
The Angolan state is auctioning 900,420 shares in Banco Comercial Angolano (BCA), representing 1.44% of its capital, at a base price of 674.2 million kwanzas. The electronic sale, scheduled for Thursday 29 October, is organised by the Institute for the Management of State Assets and Holdings (IGAPE) as part of the PROPRIV privatisation programme, according to Mercado.
The contract is to be awarded to the bidder offering the highest amount, subject to any rights of preference provided for by law. BCA has 35 branches and more than 84,000 customers, Mercado reports.
In 2025, the bank made a net profit of 9.49 billion kwanzas, compared with 9.71 billion in 2024, while its total assets rose to 167.88 billion kwanzas, according to figures reported by the Angolan business press.
The sale is part of Angola’s 2023–2026 privatisation programme. The government also auctioned 59% of Aldeia Nova on 8 October under the programme and announced on 22 October a reduction of 177.59 billion kwanzas in unpaid amounts linked to privatisations (Aldeia Nova, privatisation arrears).
