Luanda, Angola is moving to privatize state-owned hospitality assets in a bid to attract investment and grow its tourism sector, a key component of diversifying the oil-dependent economy[[1]].A presidential decree authorized the sale of 43 hotels across 23 regions, operated by the IU, IKA, and BINA chains, signaling a meaningful shift in the government’s approach to economic growth[[2]]. The move reflects Angola’s broader efforts to rebuild following decades of civil war and attract foreign capital[[3]].
Angola has authorized the sale of 43 hotels operated by the IU, IKA, and BINA chains, located across multiple regions of the country. The move, announced by presidential decree on November 28, aims to bolster the nation’s tourism market and stimulate economic development.
The Angolan government stated that the hotel properties possess “high economic potential” and their sale will contribute to the growth of the tourism sector. This decision comes as Angola seeks to diversify its economy and attract foreign investment.
The hotels are situated in Benguela, Bié, Cuando Cubango, Cuanza Sul, Dundo, Lubango, Namibe, Talatona, Cacuaco, Caxito, Cuito, Cunene, Huambo, Lobito, Luena, Malanje, M’Banza Congo, Namibe, N’Dalatando, Sumbe, Tômbwa, Uíge, and Viana (Luanda). The sole BINA hotel is located in the city of Soyo, in the Zaire province.
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