Ministry of Economy Institute for Public Sector Enterprises 1

Ministry of EconomyInstitute for Public Sector Enterprises

1

The SOE Sector in Angola 2

1. The State Enterpreneurial Sector of Angola

2. The Institutional Framework3. The Legislation4. Future Perspectives

In Angola, the SES is made of a significant

number of (i) Wholy owned and (ii) Partially

owned public enterprizes, in different

economic fields

This is a direct consequence of the

planning economic system that existed in

Angola up until the end of the 80’s.

SOE´s 3

The State Enterpreneurial Sector of Angola

Sector Empresarial 4

Wholly Owed SOE’s by Sector of Economic Activity

The SOE Sector in Angola


Partly Owed SOE’s by Sector of Economic Activity



Wholly and Partly Owed SOE’s by Sector of Economic Activity


Are created by a government (head of state) decree and its creation is a joint initiative of a line ministry and the shareholding ministry (Ministry of Economy);

It’s 100% owned by the state;And its Governance bodies is comprised of:1.The Board of directors: with a maximum of

11 directors, including independent ones;2.The Fiscal Boad: made of a chairmain and

two additional members


Are created in accordance with the company (comercial) law;

In essence, they are business corporations in which the state has the majority stake and can be established along side with:

(i)Other wholly owned Public Enterprises (PE’s);

(ii)Subsidiaries of PE’s;(iii)Public (State) institutes;(iv)Private Companies;(v)Private individuals


Its governance bodies consists of: Anual General Meetings Board of Directors Fiscal Board


The Institutional Framwork 10

1. The State Enterpreneurial Sector of Angola Sector2. The Institutional Framework

3. The Legislation4. Future Perspectives


The Institucional Framework

We have a dual governance system of SOE’s: Sectorial Oversight – exerted by the line Ministries in charge different sectors of economic activity

Ownership Function – exerted by the Economic Ministry, through the (i) GTSEP – Tecnical Office for the SES and (ii) ISEP – Institute for Public Sector Enterprises



Line Ministries

Specific Role/Tasks: Set the economic development policy for the oversighted sector of economic activity; Regulate the economic sector of activity;To evaluate the plans and buget proposed by the companies; To take part on the evaluation of the performance of the management bodies of companies; to take part on the nomination and firing of members of the management bodies of companies; To request tecnical, economic and financial information regarding the activity of companies;

Fonte: Lei 9/95 de 15 de Setembro



The Role of the Ministry of Economy (Shareholder)

Formulation, coordination e execution of the ownership policy of the state; Proposing legislative and regulating measures for the management of the assets of SOE’s; Proposing and coodinating the implementation of the privatization policy; Proposing the approval of the legislation for the reestruturing process of the state entrepreneurial sector; Participating in the monitoring and validation of the framework of PPP’s;

* Fonte: Decreto Presidencial nº 1/11 de 3 de Janeiro



Ministry of Economy: Organizational Chart




Ministry of Economy-

Technical Office for the State Entrepreneurial Sector (SES)

Plays a strategic Role, specifically: Preparation of policy proposal on the SES

Legislative proposals in the field of privatization

Performing studies on the SES




Institute for Public Sector Entreprises

Plays a Tecnical Role:

Treatment of issues related to the SES and the

processes of privatization and reprivatization

Monitoring and technical assistance to

companies

Decreto 37/09 de 13 de Agosto




Evaluation of strategic, business and investment plans and

anual and plurianual budgets;

Propose methods and standards for accountability and

enforce the terms of accountability;

Propose management tools for the organization of inventory

and assets of the public enterpreneurial sector

Fonte: Decreto 37/09 de 13 de Agosto

Specific Tasks




“Opinion on the financial reports and statements;

Propose inspections to the financial activity of enterprises;

Keep up dated technical, economic and financial data;

Propose the necessary tools to ensure the effective

management of state shareholdings


Specific Tasks (Cont.)



Institute for Public Sector Entreprises(Organizational Chart)




Monitoring of State Owned Enterprises Department-

Department of Management of State Holdings

Control and Monitoring of SOE’s in each of the following 4 areas

(domains) :

Governance;

Operations

Financial Reporting

Compliance

Sector Empresarial Público em Angola 21

1. The Angolan State Enterpreneurial Sector

2. The Institutional Framework

3. The Legislation Governing SOE’s

4. Future Perspectives


The current legislation governing the SES is the

following:

Law 9/95 Law of Public Enterprises

Decree n.º 8/02 Regulation to the Law of Public Enterprises

Law n.º 10/10 Amendments to the Law of Public Enterprises


• Under the restructuring process of the SES, the Government is

expected to approve the following legal instruments:

Framework-Law of the SES – New law of the State

Enterpreneurial Sector

Regulation of the framework law

The Statute (status) of Public Managers

Remuneration Statute of Public Managers


1. The Angolan State Enterpreneurial Sector2. The Institutional Framework

3. The Legislation Governing SOE’s4.Future Perspectives


Key Actions Developed by ISEP since its constitution:

Evaluation of the privatizations carried out from 1989 to 2009;

Evaluation of 53 strategic enterprises with the view of their

restruction;

Improving the accountability of the public enterprises

Implementing the governing bodies of public enterprises

Reformulation of the mechanism of monitoring of public enterprises

through the fiscal boards

Capitalization of Public Enterprises

Human capital formation of SES


THE KEY CHALLENGES FACING THE SES

Increasing the effectiveness and efficiency of

SOE´s;

Attracting, retaining and developing talents

Increase the quantity and quality of information

on public enterprises

Ministry of EconomyInstitute for Public Sector Enterprises

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Documents

Ministry of Economy Institute for Public Sector Enterprises 1