Economics
Angola Delays Stock Market Plans to 2016 as Futures Follow
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Angola pushed back plans for the start of stock-exchange trading by a year to 2016, with a futures and commodities market in Africa’s second-biggest oil producer set to begin a year later.
“There might be a window of opportunity to start earlier depending on how things go” in developing the bourse, Archer Mangueira, the chairman of the country’s Capital Markets Commission, said in a June 28 interview at the London Stock Exchange. Two months ago, Mangueria said it would begin operations in 2015. The MSCI Frontier Markets Index rallied 8 percent this year, with gauges in Ghana, Kenya and Nigeria among the world’s 10-best performers.