Angola Stock Exchange starts public debt trading

4 December 2014

The Angola Debt and Securities Exchange (Bodiva) starts operating Thursday with the negotiation, initially, of public debt and registration of operations outside the financial exchange, the Chairman of Bodiva’s Executive Committee told newspaper Jornal de Angola.

Pedro Sergio Pitta Gros also told the newspaper that the stock market “actually kicks off in the first half of next year.”

According to the official, Bodiva’s operations will be provided initially, by a team of 20 technicians, including directors, of which 19 are Angolan professionals.

The newspaper also reported that these first debt issues would help the Angolan State to finance its projects at more attractive rates. (macauhub/AO)