Angola Expects Its New Bourse to Be Africa’s Sixth Biggest

Angola, Africa’s second-biggest oil producer, expects its stock exchange to have a market value of 10 percent of gross domestic product within 18 months of its startup, making it probably the continent’s sixth biggest, according to data compiled by Bloomberg.

The capitalization of the exchange, which is set to start in 2015, would be a minimum of $11 billion based on last year’s output of $114 billion, Archer Mangueira, president of the Capital Markets Commission, said in an interview on April 10 in Luanda, the capital.