Transactions on the Angolan capital market reached, until August, 907.33 billion kwanzas (2.2 billion euros), of which about a third were traded last month, announced a head of the Capital Markets Commission.
saccording to Johny Soki, director of the study and strategy office of the Capital Markets Commission, the value was influenced by the more than 300 billion kwanzas traded in August, a record in terms of trading volume that had to do with “the policy of debt smoothing” put in place by the Ministry of Finance.
The transactions were carried out between the Public Debt Management Unit represented by the National Bank of Angola (BNA) with the market players and registered on the Angolan Debt and Securities Exchange (Bodiva) so the impact was reflected in the volume traded , justified.
In 2021, the volume transacted on Bodiva was around 800 billion kwanzas (1.9 billion euros).
Asked about the reasons why Angolan companies still do not use the capital market as a source of financing, opting mainly for banking, he considered that this is essentially due to the fact that they still have little information.
“Companies and investors are now discovering the capital market, that this segment exists, so we are having a gradual growth”, underlined Johny Soki, adding that companies currently have more instruments to finance themselves, such as the issuance of shares and obligations.
“They are the vehicles that companies use when they want to receive financing from those who want to lend”, he pointed out.
“Today it is already functional, we already have a company that went to get money via the stock exchange (Banco Angolano de Investimento), with success, we have a process underway (Banco Caixa Geral Angola) and we have a project to enhance issuers to attract more companies ” said Soki, admitting that by the end of the year more companies will be financed in this way.