Abertura de Bolsa em Angola / Angolan Stock Market Opening

[Matthias Offodile]

Finally ready for 2009


Luanda atrasa abertura da bolsa para 2009

2008-09-05 11:07

A estreia da bolsa de valores de Angola estava marcada para este ano, mas tudo indica que o projecto deverá ser adiado para 2009. Há 15 empresas que podem ser admitidas à cotação.

Alexandra Brito

É talvez dos sonhos mais antigos das autoridades angolanas mas é um sonho que custa a tomar forma. A criação de uma bolsa de valores já tinha sido anunciada em 2006 mas o seu lançamento foi sofrendo sucessivos adiamentos. 2008 foi dado como o ano certo para o arranque do mercado de capitais em Luanda, mas até agora o projecto ainda não se concretizou. Recentemente, Aguinaldo Jaime ministro-adjunto do primeiro-ministro de Angola, admitiu à Reuters que a data mais provável para o pleno funcionamento da bolsa angolana seja o início de 2009. O "Semanário Económico" tentou contactar quer a Comissão do Mercado de Capitais de Angola, quer a Bolsa de Valores de Angola para confirmar esta data mas até ao fecho da edição não foi possível obter uma resposta.

Para já, o certo é que o mercado de capitais está em fase de experimental: o sistema está a ser testado com empresas e investidores virtuais, segundo informações divulgadas ao "Jornal de Angola". Não se sabe ao certo o número de empresas que vão estar listadas. No final do mês de Agosto, António Cruz Lima, presidente da Comissão do Mercado de Capitais de Angola afirmava recentemente durante uma viagem ao Brasil que "existem 15 empresas com grande potencial para abrirem capital". Desse número, o responsável garantia que apenas seis empresas serão privadas, sendo as restantes empresas estatais, como a Sonangol ou a Endiama. Algumas empresas portuguesas também não descartam a hipótese de pedirem a admissão à cotação na praça de Luanda. É o caso da Escom, do grupo Espírito Santo, que já no passado demonstrou esse interesse.

Sobre as razões que levaram à decisão de criar um mercado de capitais, um economista referiu ao "Semanário Económico": "Para as autoridades angolanas, a criação de uma bolsa é mais um ponto de honra, para provar que Angola é uma economia moderna e que possui todos os instrumentos financeiros, do que um real motor de desenvolvimento da economia". »»

[TEBC]

onde ficara a sede?

[skytrax]

Vai ser na Mutamba mesmo no centro da cidade.

[TEBC]

o predio ja existe? tem foto aqui?

[Matthias Offodile]

Sonangol, Endiama seen joining Angola bourse - CMC

* Reuters, Thursday December 4 2008

By Henrique Almeida
LISBON, Dec 4 (Reuters) - Subsidiaries of Angola's state-run oil and diamond firms will likely be among the firms listed when a new stock exchange is unveiled in Luanda in the first half of 2009, the nation's Capital Markets Commission said on Thursday.
Emerging market investors have expressed interest in taking equity stakes in Sonangol, which oversees Angola's oil sector, and Endiama, the government-run diamond venture, because the firms are cash-rich and have the backing of the government.
"Yes they are likely to float one of their subsidiaries in the market," an official with the government-appointed CMC told Reuters on condition of anonymity. Up to 10 firms initially were expected to list on the bourse, the official said.
Analysts expect Angolan telecoms company UNITEL and the country's leading private bank, BFA, which is owned by Portugal's BPI and UNITEL, to also join the exchange. The companies have declined to confirm any plan to do so.
Angola's government, a collection of reformed Marxists and Western-leaning technocrats, has said the new stock market will modernise the country's investment sector, making it easier for local companies to tap funds from overseas.
It will compete for investors with the region's top three stock markets in South Africa, Kenya and Nigeria.
The launch was expected earlier this year, but regulatory delays and the appointment of a new CMC board forced a postponement until next year, said the official, who added that the global financial crisis would not prevent the opening.
"This is one of the government's top goals for 2009," the official said. "Things are moving on pretty swiftly."
Former Finance Minister Jose Pedro Morais has been tipped as a candidate to head the exchange. Officials have declined to confirm whether he is being considered.
Angola, which rivals Nigeria as sub-Saharan Africa's biggest oil producer and is the world's fifth-biggest diamond exporter, is hoping the stock market will also help diversify its economy, one of the fastest-growing in the world.
While oil dominates the economy, making up more than 80 percent of exports and a projected 58 percent of GDP in 2008, according to the World Bank, there is growing interest in the country's agriculture, banking and construction sectors.
The southwestern African nation's economy is expected to grow 11.8 percent in 2009, down from a projected 15 percent this year, according to the government's 2009 draft budget. (Editing by Paul Simao and Simon Jessop)

[Matthias Offodile]

Bolsa de Valores de Luanda deve arrancar em 2011, diz consultora

África
14/12/10, 13:45
OJE/Lusa


O mercado de capitais angolano está preparado para começar a funcionar no próximo ano ainda que o lançamento não tenha uma data específica, revelou hoje um responsável da KPMG.



"O arranque da Bolsa de Angola tem sofrido algum atraso, mas pelo feedback que temos das autoridades, é expectável que em 2011 seja feito o lançamento da Bolsa de Valores", disse hoje Vítor Ribeirinho, sócio da consultora KPMG.



Segundo o responsável, que falava durante a apresentação de um estudo sobre o sector bancário angolano, que decorreu em Lisboa, "num primeiro momento, não é espectável haver bancos cotados".

[Aspire]

Era muito bom se houvesse uma parceria com a bolsa de Lisboa. Poderiam surgir eficiências muito relevantes.

[Matthias Offodile]

Originally Posted by Aspire

Era muito bom se houvesse uma parceria com a bolsa de Lisboa. Poderiam surgir eficiências muito relevantes.

and where is that written?

[evany]

Originally Posted by Matthias Offodile

and where is that written?

he said would be good...

[evany]

good good would be if Angola stock market had a partnership with wall street...wall street can have many bad things...but is money machine maker...and this is what is all about right???so...and also with Hong kong,Shangai Markets, Berlin and London markets...and we should run our own market...I heard South African want to take over...fuck no

[popa1980]

Originally Posted by Matthias Offodile

and where is that written?

You need to learn portuguese!

I would rather see a lusophone African stockmarket. Cape Verde, GB and STP are too small to have stockmarkets so it would be mostly Mozambique and Angola.

[evany]

cala a tua boca

[Matthias Offodile]

Originally Posted by popa1980

I would rather see a lusophone African stockmarket. Cape Verde, GB and STP are too small to have stockmarkets so it would be mostly Mozambique and Angola.

Keep on dreaming, Angola will go ALONE!!!! IT HAS THE CAPACITY AND FINANCIAL MEANS TO DO THAT.

[Matthias Offodile]

Angola Bourse Will Rank 3rd in Sub-Saharan Africa, Imara Says

August 20, 2010, 6:09 AM EDT
More From Businessweek


By Colin McClelland

Aug. 20 (Bloomberg) -- A proposed stock market in Angola, which vies with Nigeria to be Africa’s top oil producer, will rank “at least third” in sub-Saharan African market capitalization, Imara Asset Management said.

Angola’s stock exchange will trade shares in companies worth a total of $40.7 billion, a similar size to Nigeria’s stock market, Anthony Lopes Pinto, an analyst for Botswana-based Imara, said yesterday in an interview from Angola’s capital, Luanda.

“Based on the country’s GDP, we estimate that Angola has the potential to support a stock market ranking of at least third in sub-Saharan Africa,” Pinto said.

Angola postponed opening an exchange in 2009 because of the global financial crisis and is expected to start one in 2011. The southern Africa country is rebuilding after a 27-year civil war that ended in 2002 and is beginning to open up its economy. The country received its first credit rating in May to pave the way for the sale of an international bond.

Pinto said Nigeria’s market capitalization of about $39.6 billion is about half of its peak because of a banking crisis and is expected to rebound past Angola’s anticipated debut. South Africa’s top 165 stocks have a market capitalization of more than $600 billion.

Up to 50 companies, including about 20 banks, may list on the Angola exchange, he said.

Political Decision

Pinto said a building in Luanda has been renovated to house the planned stock exchange and employees are being trained.

“They’ve got everything in place and it’s a political decision from the highest office that will approve it, you know, and we’re waiting for that to happen,” he said.

Imara is one of 12 companies that have applied to Angola’s Capital Markets Commission for brokerage licenses.

Pinto said the delay had been due to concerns about pressure on the kwanza, lower oil prices and volatility in international financial markets. Markets are now more stable, the price of crude has increased to around $75 a barrel from around $50 in February 2009 and the kwanza has settled at around 93 to the dollar, he said.

The government devalued the currency in October 2009 to 85 to the dollar from 78 and it then weakened gradually until May this year.

Pinto said the proposed bourse’s largest local company will be Unitel, Angola’s leading mobile phone provider that is 25 percent owned by Portugal Telecom SGPS SA and valued at $2.9 billion.

Banco de Fomento, Angola’s biggest non-state bank, may have the largest market capitalization of the listed banks at about $2 billion, he said.

--Editors: Gordon Bell, Antony Sguazzin

To contact the reporter on this story: Colin McClelland in Toronto cmcclelland1@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net

http://www.businessweek.com/news/201...mara-says.html

[evany]

that's nice

[alama]

Very nice!

[alama]

Originally Posted by popa1980

so it would be mostly Mozambique and Angola.

Thanks but no thanks!