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Angola : CAPITAL MARKETS AUTHORITY and ANGOLA enter into partnership deal.

A supervisory and regulatory coordination pact has been inked by Capital Markets Authority with Capital Markets Commission of Angola.

According to CMA, the agreement is expected to aid promote the increasingly rising supply of international financial services in the two countries.

Last year, Kenya tapped $2.75 billion (Sh251.37 billion) from international investors, while Angola, Africa's second largest export of crude oil after Nigeria plans borrow up to $10 billion including the delayed $1.5 billion eurobond this year in the wake of falling crude prices.

Chief executive Paul Muthaura stated that the memorandum of understanding offers a platform for information sharing and technical assistance between the two regulators in administering and enforcing laws, regulations and rules.

The agreement is expected to help bolster the two financial markets by adopting mutually agreeable approaches to avoid conflicts, Angola's CMC chair Augusto Mangueira added.

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Publication:Mena Report
Geographic Code:6ANGO
Date:Feb 27, 2015
Words:155
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