Angola’s future stock exchange is intended to be a meeting point between investors and companies, the president of the Angolan Debt and Stock Exchange (Bodiva), António Furtado said in Luanda Wednesday.
At the public session to present the project for regulation of collective investments and the legal framework for venture capital companies, Furtado noted the decisive role that stock exchanges play in funding companies.
“That is why we have to find a balance between investors and the issuing bodies, as having diverse methods of funding is of crucial importance for the country’s economic growth,” said the chairman of Bodiva, at the session promoted by the Capital Markets Commission (CMC).
The president of the CMC, Archer Mangueira, noted that the Angolan economy was going through a period of significant growth that may be increased through development of the capital market in all of its aspects.
Mangueira particularly noted venture capital, which was “a way of making alternative investments of significant relevance to the development of small, medium and large companies, operating as a privileged channel for consolidation of the business sector.”
CMC is the public body responsible for regulation, supervision, and driving stock markets, and is charged with ensuring legal and legitimacy conditions for investors and equality for all the companies that issue shares. (macauhub/AO)