The Angola Capital Markets Commission took part in Rádio Marginal FM’s “Luanda Downtown” programme on the capital markets as an alternative financing source for entrepreneurs and investors, setting out the regulator’s role in supporting transparency, investor protection and financial system stability. The discussion focused on how capital markets differ from traditional bank financing by allowing companies and the state to raise funds directly from investors. The Commission outlined typical instruments used for fundraising, including shares, bonds, treasury bills and investment fund units, and explained the main requirements and steps for issuing securities. Key prerequisites highlighted included audited accounts, strong corporate governance and ongoing disclosure obligations after an issuance. The programme also referenced the Commission’s initiatives to broaden access to the market, including the Programa Emergentes, and cited 2025 indicators pointing to consolidation and increased participation in the investor base.