Angola’s Capital Markets Commission plans to work with the Ministry of Foreign Affairs

17 April 2015

Angola’s Capital Markets Commission (CMC) plans to work alongside the Ministry of Foreign Affairs to promote the country’s capital market abroad and to combat money laundering, the CMC’s managing director said Thursday.

Vera Esperança Daves, who was speaking on the sidelines of a seminar on securities markets and cross-border crimes directed at diplomats and officials said the CMC wants the foreign ministry to help it to establish relations with their foreign counterparts in countries where Angola has diplomatic representations.

“We want the ministry to help us to bridge the gap with the different foreign counterparts so that money laundering crimes do not occur and if they do to curtail them,” the director said cites by Angolan news agency Angop.

Asked about when the stock exchange would start operating, Vera Daves said that it will start with the public debt segment, and that the selection process for members responsible for channeling people’s investments was underway.

She also said, without giving details, that this market segment already had a registered member and that there were three others close to meeting all the requirements to become members.

The corporate debt market is expected to start operating in the second half of the year. (macauhub/AO)