"It is a challenging time for all of us, it is a time when we have to create more investment solutions. Since 2014, Bodiva has been operating and we have been trading treasury bonds, we trade corporate bonds", said this Thursday the director Bodiva executive, Odair Costa, when questioned by Lusa.
The official recalled that the Angolan stock exchange also trades investment funds, but, he noted, "the next step is to launch the stock market and allow companies to finance themselves through this market".
According to Odair Costa, for Angola the Russian military invasion of Ukraine will have a negative and positive impact, noting that the negative component of Russia's offensive, for the African country, "is the generalized increase in prices".
"Not only of raw materials, but of what are essential cereals for our food, the increase in the cost of sea freight, so in this part there will certainly be a negative impact", he noted.
But, on the other hand, he added: "With the increase in the prices of 'commodities', in particular oil, which is our main export asset, we will certainly have a positive impact on companies operating in Angola".
"And, at the same time, for the tax revenues associated with oil. And in this aspect, I think the authorities have already spoken, this additional revenue, which there will certainly be, will be used very cautiously so that it can have the expected effect on our economy", he stressed.
Odair Costa was speaking this Thursday to journalists, in Luanda, on the sidelines of the third "Bodiva Forum" that discusses in a panel "financing via stock exchange as a catalyst for the real economy - constraints and opportunities".
In the early hours of February 24, Russia launched a military offensive in Ukraine that caused at least 516 deaths and more than 900 injuries among the civilian population and caused the flight of more than 2.1 million people to neighboring countries, according to the most recent UN data.
The Russian invasion was condemned by most of the international community, which responded by sending weapons to Ukraine and reinforcing economic sanctions on Moscow.
