Walter Pacheco was speaking to journalists after the admission to negotiation session of the insurance company ENSA, which this Wednesday became Bodiva's third listed company, stressing that this operation demonstrates that this is the way forward and that "it will be successful".
He added that the privatization program (Propriv) includes other operations of this type, the next one being "probably" that of Bodiva.
"We intend to do it this quarter. Therefore, by the end of the year," he said, specifying that all of Bodiva's capital will be sold.
The Bodiva manager highlighted that the objective is to have more companies on the stock market, more investment opportunities and for the market to be representative of the economy.
Regarding the volume of transactions, he noted that the Angolan market is still segmented, being "relatively liquid" in the public debt segment and other instruments such as "Repos" (repurchase agreements).
The equity segment, which is relatively new, around two years old, has less liquidity: "It's a process. With more institutions entering, with more diversity, with more volume, we will see much more liquidity (...) it is a market which is growing," he said.
The average transaction started at around three billion dollars a year, reached seven billion dollars last year and is currently around five billion dollars, he said.
"It is a market that is growing and is increasingly solidifying itself in the national financial system", he highlighted.
For 2025, the prospects are that the telecommunications operator Unitel and two banks, BFA, will be admitted to the stock exchange, where the State holds an indirect stake of 51.9 percent through Unitel, with the remaining 48.1 percent in the hands of BPI, and Standard Bank, where the State holds a 49 percent stake and wants to sell 34 percent.
Walter Pacheco considered that the Stock Exchange is the "most democratic" segment and accessible to investors, noting that ENSA had offers in 14 provinces.
In the case of Bodiva, he highlighted that the company will issue as many shares as possible to dilute the price and allow more Angolans to invest, highlighting that it is a company with accounts audited every 6 months and that it shows a profit.
"It is a public company that distributes dividends. It is a public company whose turnover has grown on average 20 percent per year, even in the worst moments of our economy", highlighted the executive, adding that Bodiva operates in a market that does not has competitors and has "enormous growth potential".
