"The SME'S market that we are going to inaugurate today appears to contribute to the reduction of what, in our view, has been the great financing deficit that SMEs (small and medium-sized companies) still face, unfortunately", said the executive director of Bodiva, Odair Costa.
According to the official, through this market, companies will be able to capitalize themselves, either through the issuance of debt or through the issuance of capital instrument, commonly known as shares.
Bodiva, with this segment, promises to make available to investors another class of shares of companies in the growth phase and with high potential for appreciation.
To launch this market, he explained, "it was necessary to make the requirements for admission to trading more flexible so that they could be adapted to the reality of Angolan SMEs".
"Bodiva will serve as a platform to finance the expansion of SMEs", said Odair Costa, who was speaking at the "SME's Segment" presentation ceremony.
"We are certain that we will be able to count on the support of businessmen in carrying out this initiative, which will certainly bring to the country a more inclusive dynamic with regard to the capital market and in particular the stock exchange", he stressed.
All small and medium-sized companies are eligible for the "SME Segment", according to the classification of the National Institute for Support to Micro, Small and Medium Enterprises (Inapem), with accounts audited by an accountant for at least one year, business for three years and to disclose financial information annually.
Asked by Lusa about the limit on funding via the stock exchange for SMEs, Odair Costa said there are no limits: "It will depend from company to company and market appetite, there is no limit, no minimum or maximum".
Regarding the limit of companies that can join this segment, the exchange "does not impose either a minimum or a maximum limit", but aims at between five and ten companies in the medium and long term, he added.
Access to finance, electricity and water, competition from informal companies, transport of goods and access to obtaining raw materials are some of the "huge constraints" that, according to Bodiva, SMEs in Angola face in carrying out their activities. .
For Bodiva, access to long-term financing without remuneration commitment, tax benefits, corporate reputation, investment monetization, cost of capital, which tends to be lower than traditional forms of financing, flexibility, shareholder structure and attractive taxation are some of the benefits of stock exchange financing.
