Angola Stock Exchange

The Angolan Stock Exchange is a proposed stock exchange in Angola. First announced in 2006,[1] the Stock Exchange was hoping to open during the first quarter of the 2008 fiscal year,[2] though in August 2008 Aguinaldo Jaime said that the launch would be "a task for the next government... maybe late 2008 or the beginning of 2009".[3]

Due in part to the effects of the credit crunch, the earlier intention for the Angola Stock Exchange to open in early 2009 has been further delayed, with current indications that it was scheduled to open in 2010, with the intention to list 10 companies.

However in July 2013, Archer Mangueira, chairman of the Capital Markets Commission of Angola, said that Angola plans to start the Angola Stock Exchange trading on 2016.[4]

On December 19, 2014, the Capital Market in Angola started. BODIVA (Angola Securities and Debt Stock Exchange, in English) received the secondary public debt market, and it is expected to start the corporate debt market by 2015, but the stock market should only be a reality in 2016.[5]

References

  1. ^ Angola stock exchange to open this year from Afrol.com, 21 February 2006
  2. ^ Stock Exchange Opens in 2008 from AllAfrica.com, 29 December 2007
  3. ^ Angola sees double digit growth in 2009 - deputy PM, Reuters, 6 August 2008
  4. ^ Archer Mangueira on Angola Stock Exchange, Bloomberg, 1 July 2013
  5. ^ CMC prepares launch of debt secondary market Angola Press Agency, 16 December 2014

See also

List of companies of Angola

Angola is a country in Southern Africa and the seventh-largest on the continent.

Angola has vast mineral and petroleum reserves, and its economy is among the fastest growing in the world, especially since the end of the civil war. In spite of this, the standard of living remains low for the majority of the population, and life expectancy and infant mortality rates in Angola are among the worst in the world. Angola's economic growth is highly uneven, with the majority of the nation's wealth concentrated in a disproportionately small sector of the population.

Outline of Angola

The following outline is provided as an overview of and topical guide to Angola:

Angola – country in southern Africa bordered by Namibia on the south, the Democratic Republic of the Congo on the north, and Zambia on the east; its west coast is on the Atlantic Ocean with Luanda as its capital city. The exclave province of Cabinda has borders with the Republic of the Congo and the Democratic Republic of the Congo. The country has vast mineral and petroleum reserves, and its economy has on average grown at a two-digit pace since the 1990s, especially since the end of the civil war. In spite of this, standards of living remain low, and life expectancy and infant mortality rates in Angola are among the worst-ranked in the world.

Stock exchanges of small economies

A Stock exchange is a corporation or mutual organization which provides facilities for stockbrokers and traders to trade stocks and other securities. It may be a physical trading room where the traders gather, or a formalised communications network.

Creation of a stock exchange is a strategy of economic development: it provides a means of raising capital for investment.

Stock markets may enhance economic activity through the creation of liquidity: a liquid equity market makes investment more attractive because it allows individuals to acquire equity and when required to sell it quickly and cheaply. At the same time, companies enjoy permanent access to capital raised through equity issues.

It has been found that countries that open stock markets grow faster, on average, than the control groups.An alternative view is that market liquidity may also hurt economic growth, because it encourages short-termism. A downside of raising capital on a stock exchange is that it may result in loss of company control, typically to powerful large investors. Foreign ownership of securities and assets is often unappealing. Extremely low income levels keep share ownership beyond the reach of most people in developing countries.

Countries without a stock exchange include Democratic Republic of the Congo.The Mongolian Stock Exchange as of 2006 was the world's smallest stock exchange by market capitalisation.

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