BODIVA (Angola Securities Exchange) and LSEG Academy enhancing capital markets growth in Angola
London Stock Exchange Group welcomed BODIVA (the Angola Securities Exchange) on Friday 24 January 2020 to close the market, celebrating an agreement with LSEG Academy for capacity building in Angola to increase companies’ investor readiness. Nikhil Rathi, CEO of LSE plc and Director of International Development of LSEG was joined by Vera Daves de Sousa, Honourable Minister of Finance of Angola; Mario Caetano Joao, CFO of BODIVA; and Rt Hon Baroness Northover, the Prime Minister’s Trade Envoy for Angola and Zambia.
The programme will aim to support the most ambitious corporates in the country to get ready to tap on global capital to accelerate their growth, create jobs and further develop Angola’s capital markets. During the market close ceremony, Honourable Minister de Sousa stressed the importance of supporting Angola’s growing economy through capital markets, providing the capital required to fund continued investment. Mr Joao highlighted the benefits that this programme would provide for some of the over 150 state-owned companies cited for privatisation by the Ministry of Finance in August 2019, as they prepare for engagement with investors as part of the privatisation process.
Based in Luanda, BODIVA was founded in July 2014 and serves the 3rd largest economy in sub-Saharan Africa, with a large natural resources sector and growth potential for sectors such as agriculture, construction and tourism.