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.
Read more at Business Report