Africa-Press – Angola. The Angolan Debt and Stock Exchange (BODIVA) aims, over the next ten years, to reach two million custodial accounts to be opened by companies and individuals who intend to invest in the capital markets.
The intention was expressed Tuesday, by the Executive Manager of BODIVA, Odair José Rodrigues da Costa, during a workshop addressed to the academic community of the José Eduardo dos Santos University (UJES) on the importance, functioning and opportunities of the capital market.
He added that opening two million accounts over the next ten years constitutes a medium and long-term goal for the institution, which currently has just 87,301 customers across the country.
According to the person responsible, at the moment, work was being done to disseminate information about the importance, functioning and opportunities of the capital market, through lectures, workshops and seminars, due to the fact that there is still a total lack of knowledge on the part of the population, which has conditioned the adhesion of potential investors.
He also highlighted as a perspective the increase in the number of companies listed on the market, from three to 20.
However, Odair José Rodrigues da Costa considered the functioning of the capital market in the country to be positive, in eight years of operation, with a very significant evolution and greater interest from investors.
As an example, he revealed that until the end of the third quarter of this year, Bodiva traded, in the markets under his management, close to 4,868.30 billion kwanzas.
This situation, he added, has made it possible to contribute to the development of the national economy, through the promotion of mechanisms to encourage investment and make the savings of companies and families profitable.
He said that BODIVA appears as a tool that completes the financial system and whose main objective is to stimulate savings and productive investment essential for the growth of any modern society.
Because of this, he advised workshop participants to invest in the capital market, as there are numerous opportunities for investors, with emphasis on the ongoing process of privatization, by 2025, of 10 companies and shares of the Angolan State, through from BODIVA.
In turn, the rector of UJES, Virgínia Lacerda Quartin, highlighted the importance of markets as they have a social impact on the development of the economies of modern societies.
BODIVA, created in 2014, works in cooperation with 28 banking institutions and eight brokerage associations.
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