Angola Expects Listings to Double by 2027, Bourse CEO Says
- The government is working to sell shares in Sonangol by 2027
- Luanda stock exchange Bodiva kicked off its IPO on Monday
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Listings on Angola’s stock exchange are expected to more than double by 2027 as some of the oil producing country’s biggest companies prepare to sell shares on the market, its chief executive officer said.
“Bodiva’s growth potential is enormous,” Walter Pacheco said in an interview. “By 2027 we will have 10 companies listed on the stock market” from four currently, he said.