Odair Costa, CEO of BFA Capital Markets, believes that the capital market can serve as a gateway to the Angolan market, helping to boost the direct investment that already exists.
“This can help offset other risks such as inflation and the depreciation of our currency. We have a range of opportunities that represent the best Angola has to offer. We see this investment as an opportunity to build a path with Portuguese companies,” he stated.
However, the CEO warned that it is necessary to invest in financial literacy, since investors “can only detect opportunities if they are able to identify risks” relevant to their businesses.
Regarding the privatization process of BFA, the CEO said that it is “progressing well” and is currently in its “final phase of restructuring.” The operation will be worth 200 million U.S. dollars, “or slightly more.”
Source: Economia & Mercado
