Angola's Economic Development Attracts Capital Markets

21 Mar 2014

The country's economic development is awakening the interest of foreign investors into the Angolan capital market, Angop learned Wednesday in Luanda.

This was said by the Head of Debt Primary Markets at South Africa'sStandard Bank Group, Megan McDonald.

The official presented as study as part of the First Annual Conference on Capital Market run by Standard Bank, saying investors always attach much importance to the legal framework existing in the country.

She added that investors intend to channel their resources and make their investment decisions based on the safety and flexibility of flows of capitals that the laws permit.

Explaining how important the capital markets are in the financing of the economy, the expert mentioned that in the United States of America, 17 percent of the financing of Investment Grade firms come from the debt market.

She welcomed the decision to open capital market operations in Angola with the trade of treasury bills as a start.

The conference on capital market was sponsored by Standard Bank Angola and seeks to annually bring together investors and financial regulating organs like the Angola Reserve Bank (BNA) and the Capital Market Commission to discuss matters linked to the emergence of the capital market in Angola.