Angola's Ministry of Finance published remarks by Secretary of State Ottoniel dos Santos framing capital-market development as a strategic tool to support economic growth, skilled job creation and the allocation of domestic and international capital into productive sectors. He argued that, as the state can no longer be the sole engine of the economy, market mechanisms need to function with greater depth, predictability and credibility, and that macroeconomic stability should now be channelled into financial deepening, with the Capital Markets Commission playing a role not only as a regulator but also as a catalyst for new market development. In the same context, Capital Markets Commission board chair Elmer SerrĂ£o pointed to growth since the 2014 launch of the Angola Debt and Securities Exchange, citing trading volume of around AOA 6.05 trillion as of December 2024 (7.46% of GDP) and a global net value for the collective investment scheme industry of around AOA 1.11 trillion (about 1.36% of GDP). He also reported capital raising via the exchange, with the state collecting a total of AOA 93.61 billion through share sales and issuers raising a total of AOA 90.7 billion through corporate bond issues on the exchange.