The Angola Capital Markets Commission reported that Angola's National Assembly has approved a request for legislative authorization that gives the President of the Republic, acting as head of the executive, power to legislate on the legal regime for shareholding management companies, or Sociedades Gestoras de Participações Sociais (SGPS). The update points to a dedicated framework for entities that manage equity holdings and structure corporate groups. The measure was approved unanimously at the 9th Ordinary Plenary Meeting of the 4th Legislative Session of the 5th Legislature. According to the update, the regime is intended to facilitate and encourage the creation of economic groups, while SGPS are described as technically specialised entities whose economic and financial advantages support their regulation and supervision.
Angola Capital Markets Commission2026-05-22
Angola Capital Markets Commission reports National Assembly approval of legislative authority for an SGPS legal regime
The Angola Capital Markets Commission reported that the National Assembly has granted the President legislative authority to establish a legal regime for shareholding management companies (Sociedades Gestoras de Participações Sociais, SGPS). The dedicated framework will govern entities that manage equity holdings and structure corporate groups, with the stated aim of facilitating and encouraging the creation of economic groups and supporting their regulation and supervision.