Angola’s stock market is expected to start operating in January and will trade mostly public and corporate debt, Djamila Pinto de Andrade, a lawyer whose office is working with the Bolsa de Divida e Valores de Angola, also known as Bodiva, said.
“The process is almost complete and the timing expected for it to be launched is the second half of January,” Pinto de Andrade, a partner at Luanda-based FBL Advogados said by phone from Luanda on Friday. “It will start trading public and corporate bonds and other debt instruments until companies are ready to list their shares.”
Angola, sub-Saharan Africa’s third-largest economy, has for years delayed the opening of its stock exchange. Pedro Pitta Groz, Executive Commission President of Bodiva, said in May that the stock market would start by the end of this year. Read more