Angola Stock Exchange starts public debt trading

The Angola Debt and Securities Exchange (Bodiva) started operations on December 5 with the negotiation 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 trading in stocks will begin “in the first half of next year”.

A team of 20 technicians, including directors, of which 19 are Angolan professionals, will be responsible for Bodiva’s operations in its initial phase after launching.

Angola’s Minister of Finance, Armando Manuel, said Bodiva would be an alternative way for the government to finance its investments, helping also to bring new investors to the Angolan market.