Privatisation of ENSA - Seguros de Angola, S.A.

Scope

• On June 10th, the Instituto de Gestão de Ativos e Participações do Estado (IGAPE) launched the tender for the privatisation of Empresa Nacional de Seguros de Angola (ENSA S.A.), under the Privatisation Programme (PROPRIV).
• A 51% of the company's share capital will be privatized in this first stage of the privatization procedure.

 ENSA in numbers

• ENSA has led the Angolan insurance market for around 43 years, and currently holds 37% of the market share.
• It registered a positive net profit of 17.6 billion kwanzas in 2020. 
• Its assets are currently valued at 195.8 billion kwanzas.
• Its solvability ratio is 213%.

Tender

• The award will be made through a Public Tender limited by Pre-Qualification.
• The Tender is open to both national and foreign entities. 
• The award criteria established for the tender shall be the most technically and economically advantageous proposal.  

Tender Documents

• Interested parties can obtain the procedure documents at IGAPE's website, free of charge.

When

• Expressions of interest must be submitted by July 2nd, 2021.
• The deadline for submitting applications is August 10th at 23:59 hours (Luanda time).