Private universities in Angola on brink of bankruptcy due to COVID-19


Private higher education institutions in Angola run the risk of sinking to bankruptcy if classes are not resumed in July, the Angolan Association of Private Higher Education Institutions said in a note on Wednesday.

According to the association, the lack of monthly fees by the vast majority of students has seriously worsened the financial capacity of the private higher education institutions to cope with the high costs. “The costs have been systematically inflated, for reasons arising from the current economic and financial crisis, and strangled by the finance ministry’s monthly fee instalment monitoring regulation,” reads the note. The note says it acknowledges the increase in the number of positive cases of COVID-19 in the country, particularly in Luanda, and accepts seriously and with a sense of responsibility the implementation of biosecurity and social distancing measures in private higher education institutions under the Presidential Decree.

The association also underscored that the lack of a policy for financing co-participation with private higher education institutions, as planned, impel the collection of monthly fees to be the regular source of financing. Classes were suspended in March due to the COVID-19 pandemic and according to the current State of Calamity, the resumption is scheduled for July 13 for higher education and secondary education and later for primary education, depending, however, on the epidemiological situation of the country. Angola has reported so far, 284 positive cases of COVID-19, 13 deaths, 93 recovered and 178 active patients.

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