Cristina Louren\u00e7o, President of Bodiva, emphasized the need for more listed companies on the Angolan stock exchange, noting that there are good investment opportunities, particularly with four IPOs planned in the coming months.<\/p>\n
\u201cThere is more demand than supply. We want more companies listed on the Angolan stock exchange,\u201d said Cristina Louren\u00e7o, President of Bodiva \u2013 Angola\u2019s Debt and Securities Exchange \u2013 during the Doing Business Angola conference.<\/p>\n
The head of the institution, who is also the daughter of Angolan President Jo\u00e3o Louren\u00e7o, was a speaker at the third edition of the annual conference dedicated to business in Lusophone countries. The event was organized by Forbes \u00c1frica Lus\u00f3fona<\/strong> and Jornal Econ\u00f3mico<\/strong>, and held at the Ritz Four Seasons Hotel in Lisbon. She spoke about Bodiva and the structuring of Angola\u2019s financial market.<\/p>\n She pointed out that, in addition to the four companies already listed on the Angolan stock exchange, more interesting investment opportunities are expected under Angola\u2019s privatization program, PROPRIV, with four companies expected to be privatized by the end of 2025: BFA Bank<\/strong>, Unitel<\/strong>, TV Cabo Angola<\/strong>, and SBA<\/strong>. She did not provide further details about the IPOs but reminded the audience that these will be major operations.<\/p>\n \u201cThe highlight is that the combined size of the previous four PROPRIV IPOs is smaller than just one IPO of BFA or Unitel. So, we\u2019re emphasizing this investment opportunity, whether for Portuguese companies already operating in Angola or for resident and non-resident investors.\u201d<\/p>\n Angola\u2019s GDP has shown an upward trend over the past five years, reaching an estimated \u20ac73.3 billion in 2024 \u2013 a \u20ac14 billion increase from the previous year.<\/p>\n Cristina Louren\u00e7o began her speech by reinforcing an earlier point made at the conference: \u201cThere is no sustainable economy without a capital market.\u201d She presented Bodiva\u2019s mission to promote the sustained development of the regulated securities and derivatives market. According to her, the institution aims to contribute effectively to the sustainable financing of Angola\u2019s economy.<\/p>\n The macroeconomic environment in Angola remains challenging, with inflation at 27.5% in 2024. Nevertheless, the country\u2019s GDP continues to grow, as does market capitalization, which now represents 15.61% of the estimated GDP.<\/p>\n As the managing body of Angola\u2019s capital market, active since 2014, Bodiva aims to position itself as a strategic partner for economic agents and become a medium- and long-term financing platform. The Angolan market has seen a rising number of transactions, reaching a historic record in 2024, with 10,328 deals. Bodiva-listed shares have grown by approximately 58%.<\/p>\n \u201cSince 2014, Bodiva has been preparing to offer the market various investment opportunities. We started in 2016 with the treasury bond and bill market, which remains the most active trading segment,\u201d explained Cristina Louren\u00e7o. She noted that in 2018, Bodiva registered its first corporate bond issuance, and in 2021, it revamped its renegotiation systems.<\/p>\n \u201cIn 2022, our equities market was activated, with the listing of BAI<\/strong> and BCGA<\/strong> banks. That year was marked by the launch of new segments. Understanding our economy and business landscape, we realized that equity issuance wouldn\u2019t be the immediate first step, which is why we initially focused more on the treasury securities market,\u201d she explained. Also in 2022, the REPO<\/strong> (repurchase agreements) and SME<\/strong> markets were introduced, though the latter is not yet active.<\/p>\n Between 2023 and 2024, there was a significant shift in the capital market. \u201cUntil then, it was mainly banks that operated in our market, but this responsibility has transitioned to brokerage and distribution firms. Banks remain in the market but now act solely as clearing agents, with some participating in the structuring of public offerings,\u201d said Cristina Louren\u00e7o.<\/p>\n BAI has appreciated 249% since its IPO<\/strong>, while BCGA has grown 210%<\/strong>. Overall, Bodiva-listed shares have increased by around 58%.<\/p>\n Bodiva currently has four listed companies, all resulting from partial state privatizations, and all have significantly appreciated since their listing. BAI, for instance, has grown by 249% since its IPO, and BCGA by 210%.<\/p>\n According to the president, \u201cThe number of investors is still relatively small: just under 40,000, including individuals and corporates. However, despite this figure, the volume of transactions continues to rise.\u201d<\/p>\n Looking ahead, Cristina Louren\u00e7o stated that Bodiva\u2019s goal is to continue promoting financial literacy. \u201cBecause having a company ready to go public without investors who can assess its value makes no sense,\u201d she concluded.<\/p>\n","protected":false},"excerpt":{"rendered":" Cristina Louren\u00e7o, President of Bodiva, emphasized the need for more listed companies on the Angolan stock exchange, noting that there are good investment opportunities, particularly with four IPOs planned in the coming months. \u201cThere is more demand than supply. We […]<\/p>\n","protected":false},"author":3,"featured_media":9176,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[69,76],"tags":[],"class_list":["post-9179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-others"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/posts\/9179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/comments?post=9179"}],"version-history":[{"count":1,"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/posts\/9179\/revisions"}],"predecessor-version":[{"id":9180,"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/posts\/9179\/revisions\/9180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/media\/9176"}],"wp:attachment":[{"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/media?parent=9179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/categories?post=9179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/tags?post=9179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bodiva Aims to Be an Investment Platform<\/h3>\n