Ver Angola

Economy

BODIVA and FRACA sign a memorandum of understanding to support small and medium-sized companies

The Angolan Debt and Stock Exchange and the Fundo Activo de Capital de Risco Angolano (FACRA) signed a memorandum of understanding that aims to develop financial solutions aligned with the specific needs of small and medium-sized enterprises (SMEs) in Portugal, taking into account the specificities and attributions of both institutions.

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With this initiative, BODIVA and FACRA state that they intend to identify SMEs with potential and interest in financing themselves via the capital market and/or venture capital, and in this way, support them with technical training actions, which will help them in the path necessary to obtain financing for its projects, through the issuance of shares or bonds.

On the other hand, a statement from BODIVA sent to VerAngola also explains that the said memorandum will also enable the sale of shareholdings ("shares") of SMEs held by FACRA, through the opening of its capital on the stock exchange.

It should be noted that the rapprochement between the two institutions comes within the scope of the launch of the SME Segment in October 2022, and the interest of BODIVA and FACRA in creating financial solutions that are inclusive of Small and Medium-sized Companies.

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