Angola To Privatise Telecoms Company Unitel

"In the coming months, we are privatising our telecommunications company Unitel," Massano said in an interview at the World Economic Forum in Davos. "Part of it is being done through the stock exchange."

Africa's third-largest oil producer will also dispose of stakes in Banco de Fomento Angola, its second-largest lender, and Standard Bank Group's local unit, he said.

The three companies are among the largest of almost 200 state-owned firms and assets the government initially earmarked for disposal in 2019 to raise cash and diversify the economy away from oil.

More than half of those companies have since been privatised, the minister said. "We have decided to embark on a massive programme to privatise state-owned entities. It's happening."

Still, investors wanting to invest in the state's oil company Sonangol or its diamond firm Endiama will have to wait a bit longer.