Individuals can purchase Angola’s debt securities online

26 June 2018

Angolan citizens will be able to buy Treasury bonds directly through an investor website that will be available on the Internet next July, the chairman of the Board of the Angolan Debt and Stock Exchange (Bodiva) said recently in Luanda.

Patrício Vilar, speaking on the sidelines of the 9th Consultative Council of the Ministry of Finance, which ran from 21 to 23 this month, said that currently, most citizens have to go to the bank to buy bonds, but when the system goes online small investors will have the opportunity to use the website to do this.

He clarified that despite this system, the previous process will continue to support major investors, according to the Angop news agency.

The economist, who spoke on the theme of “The challenges of the secondary securities market,” said that the Angolan securities market is still taking its first steps, and suggested the removal of constraints within the stock market and the bond market.

According to the specialist, the process of privatising public companies, starting in the second half of this year, will solve some of these constraints, because attracting investors requires some volume of investment. (macauhub)