Government-approved privatisation of the state-owned companies has led to the emergence of an equity market since July, said Friday the chairman of the Executive Commission of Angola’s Debt and Securities Stock Exchange (BODIVA)
Patrício Vilares was presenting a report on accounts of the Debt and Securities Exchange of Angola for 2018 and planning for 2019.
Vilares said that the market will work with new multilateral trading and post-trading systems.
He said that consultations with the members have already been made, adding that in July the implementation phase of these trading systems will kickoff.
“The championship will change, because … in addition to stock market, we will witness the emergence of the new investors,” said Patrício Vilares, adding that efforts are underway to ensure the compatibility of the new systems with international ones, such as the international system of custody.
Patrício Vilares assured that the results achieved in the last two years by Bodiva will be channeled to this investment.
He also announced the start of the Initial Public Offering (IPO) this year, through the privatisation process of public companies.
“In addition to this process of privatizations, we have private companies that have started to prepare their IPOs, with projects and competent investments that have proven this in their respective markets,” he said.
From July 2014 until now, BODIVA has been restricted to trading Treasury Securities – financial instruments issued by the Ministry of Finance which, if purchased as investment, offer a guarantee of profitability and security within a deadline.