Angola's stock exchange will create economic wealth

THE ANGOLAN stock exchange (the BVA) which is being set up in Luanda will create worthwhile and adequate system for the purchase and sale of shares. This assertion is contained in a document from the Nucleus on Capitals Market of the Angolan Finance Ministry, the body tasked to implement the project.

According to the document, the BVA's initial capital will correspond to the global value of the shares that will be established on a proposal from the General Assembly. And this will mean that the Stock Exchange might issue estate values, with their transaction being carried out through auctions.

Admission to BVA requires members to subscribe one thousand shares, to abide by the regulations of the statutes and apply for authorisation from the Capitals Market Commission.

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