Africa-Press – Angola. A Memorandum of Understanding aimed at developing financial solutions aligned with the specific needs of small and medium-sized national companies, taking into account the specificities and attributions of both institutions, was signed this Monday.
With this initiative, BODIVA and FACRA intend to identify SMEs with potential and interest in financing themselves via the capital market and/or venture capital and, in this way, support them with technical training actions, which will help them in the necessary path to obtain financing for its projects, through the issuance of shares or bonds.
The objectives also include helping to develop companies, improving the accounting and financial organization and its level of reporting.
On the other hand, the said memorandum will also enable the sale of shareholdings (“shares”) of SMEs held by FACRA, through the opening of its capital on the stock exchange.
According to a note from BODIVA, the memorandum was signed by the president of the Executive Committee of BODIVA, Walter Pacheco, and by the Coordinator of the Restructuring Committee of FACRA and witnessed by representatives of both institutions.
The document also mentions that the approach between the two institutions comes within the scope of the launch of the SME segment in October 2022, and the interest of BODIVA and FACRA in creating financial solutions that are inclusive for Small and Medium-sized Companies.
During the act, the parties spoke about the importance of the initiative, the need to create partnerships of the kind for the growth and development of the national economy, as well as the benefits that the present memorandum will provide to the main target – SMEs.
The Angolan Debt and Stock Exchange (BODIVA) is a public institution created on December 19, 2014, headquartered in the city of Luanda. It is a management entity whose responsibilities include ensuring the transparency, efficiency and security of transactions on the regulated securities markets, with the aim of stimulating the participation of small investors and competition among all operators.
The Fundo Activo de Capital de Risco Angolano (FACRA), created in 2012 by the Angolan State, has, among other purposes, finance small and medium-sized companies.
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