Angola: Luanda wants to broaden access to the bond market for foreign investors.
Angola is preparing a framework aimed at facilitating access for foreign investors to its domestic public debt market, estimated at $18.6 billion. Luanda is also in discussions with JPMorgan about a possible integration into a new local currency debt index.
The Angola is preparing to broaden access for foreign investors to its domestic government bond market, valued at $18.6 billion. Finance Minister Vera Daves de Sousa presented this project on Wednesday, September 9, in London to diversify the country’s funding sources and develop its capital market.
The Angolan government is particularly in discussions with JPMorgan regarding a potential inclusion of the country in a new index dedicated to local currency debt in frontier markets. According to Vera Daves de Sousa, the authorities are also working on a framework aimed at simplifying access to the domestic market for international investors.
Foreign investors can already acquire Angolan government securities, but transactions are still subject to local procedures, including banking and regulatory requirements. By the end of 2025, the stock of domestic public debt was around 17 trillion kwanzas, equivalent to $18.6 billion.
This desire for expansion comes as Luanda seeks to deepen its financial markets. The annual borrowing plan for 2026 envisions a total mobilization of 15,035.32 billion kwanzas in both domestic and external markets, as part of the public debt strategy for 2026-2028 adopted in January.
The secondary market of Angola’s debt and securities exchange, BODIVA, recently recorded 66.5 billion kwanzas in transactions over a week, averaging 13.3 billion daily. Treasury securities continue to play a significant role in these exchanges.
The Finance Minister is leading an Angolan delegation in London this week as part of the Angola–UK Investment Forum, held on September 8 and 9 with the London Stock Exchange. The program highlights economic reforms, financing, and the mobilization of private capital.
Vera Daves de Sousa also mentioned that Angola could return to international markets in 2027 if conditions allow and is exploring issuing bonds in other currencies, including the Chinese yuan. Meetings with international investors are planned in Luanda later in September to assess demand and clarify the future access framework for the local market.
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