Luanda - The Stock market includes innovative models to finance suitable long-term projects, mainly for Micro and Small Enterprises (MSE), assuming the greatest risk compared to commercial banking, according to the Secretary of State for Industry, Carlos Rodrigues.
Given this scenario, the Secretary of State stated that the financing of projects for these companies will necessarily have to occur in the Stock Market, as it is the most flexible market for financing micro and small companies.
For Carlos Rodrigues, Stock market can open up ways of channeling resources for MSEs activities, through the admission of the quotation of the segment of the Angolan Debt and Securities Exchange (BODIVA) and the Issuance of Commercial Paper of Venture Capital Funds and Securitization.
However, the source warned entrepreneurs and MSE managers to be aware that stock market is demanding in the implementation of good corporate governance practices, with a robust internal organization and transparency in the conduct of the business.
“Entrepreneurs and managers will have to abandon the typical management of family businesses, as they have to be accountable to the financial partners of their business”, she added.
In turn, the director of the development office of the Securities and Exchange Commission (SEC), Jucelina Paquete, announced that the emerging MPE preparation and guidance program, to be financed through this route, has already identified 10 companies, in a universe of 134 applications.
He said that they are part of the universe of companies linked to the transport, commerce, manufacturing, telecommunications and service provision sectors, with around nine companies based in Luanda and one in the province of Namibe.
On the occasion, BODIVA representative, Nivaldo Matias, called on small companies to opt for more formal management, such as presentation of results, the governance component and the responsibilities of corporate bodies.
Rosa Carvalho, one of the trainees and entrepreneurs, considered the seminar to be an extremely important initiative, as it helped to clarify the mechanisms for accessing several financial products.
The seminar on Financial Literacy and the Capital Market, organized by INAPEM, was attended by 50 entrepreneurs and MSE managers. OPF/QCB/CF/DOJ
