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US$2.2 billion traded on Angola’s fledgling capital market through August

A Capital Market Commission official said that transactions on the Angolan capital market totaled 907.33 billion kwanzas (US$2.2 billion) through August, about one-third of which was traded last month.

According to Johny Soki, director of the Capital Market Commission's Study and Strategy Office, the figure was influenced by the more than 300 billion kwanzas traded in August, a record in terms of the trading volume.

It was related to the "debt relief policy" implemented by the Ministry of Finance.

The objective is to replace exchange rate-linked instruments and those with short maturities with those . . .

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