Endiama to List on Angolan Stock Exchange in Q1 2008
by Jo Black
Angola ’s state owned diamond company, Endiama E.P is among the first of twenty seven companies set to list on the Angolan Stock Exchange and Derivatives (BVDA) which is scheduled to begin operating in the first quarter of 2008.
Reports reaching here from Angola suggest that the combined value of the 27 companies set to list on the BVDA is $16 million and includes a number of banks, insurance corporation Ensa and oil company Sonangol.
The National Diamonds Company of Angola, Endiama E.P is a company of public funds constituted in 1981. It acts with a dual nature: state and entrepreneurial.
In the first aspect, the company was created under the decree nº 6/81, by the Commission of the Council of Defence and Security with a fund of 667.897.000,00 Kwanzas at the time, to function as the national concessionary of the mining rights in the diamonds domain.
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