Dignity in the Workplace in Angola
During the investment life cycle across all our investee companies, ACP have overseen the additional employment of 1,609 Individuals, which constitutes 48 percent of the total workforce currently employed. At AST, Special Edition and Big Media, these all constitute full-time employees. Full-time employees at Fazenda Girassol make up 70 percent of the company’s newly appointed workforce. At AES this number is 78 percent, with new employees brought on during the investment period at Betablocos making up 51 percent of the workforce.
A significant proportion of these companies were able to employ first-time employees, with AST achieving almost 60 percent first-time employees. Thus, the growth in employee numbers noted in the ACP portfolio truly have resulted in increased economic growth, and creation of value on company and community level. At most of the companies invested in by ACP, youth were also a keen focus with respect to job creation. This was a specific focus at AST. Strengthening the management teams, thus creating senior positions in each organization, was also a focus. This is specifically evident at AST and Special Edition.