Angola Won’t Start Stock Market Until 2017

Angola Won’t Start Stock Market Until 2017

From Business Report

Angola, sub-Saharan Africa’s third-largest economy, won’t start equities trading until at least 2017 because companies need to improve their accounting, the country’s markets regulator said.

Inadequate corporate-governance practices, a lack of a competitive fiscal regime, educated financial culture and proper negotiations systems are delaying the development of the shares market, Patricio Vilar, executive administrator of the Capital Markets Commission, said at a conference today in the capital, Luanda.

Government bond trading will begin this year, corporate debt in 2015 and futures trading will follow the stock market, he said.


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