The recently created Angolan stock exchange Bolsa de Dívida e Valores de Angola (Bodiva) will proceed to its first IPO by end 2019, its director Patricio Vilar (photo), announced on May 2, 2019.

The director also indicated that five private firms showed “concrete interests” for listings on the BODIVA.

He did not reveal the name of the firms that will join the exchange but it is to be reminded that previously, the government announced that 74 public firms would be privatized to attract foreign investors. The stated goal was to boost an economy that has been ailing with the decrease of oil prices since 2014.

The Bodiva launched its first operations in December 2014 with sovereign bonds’ trading.