BAI: Kz 100,500 ▲ 5.8% | BFA: Kz 118,000 ▲ 138.4% | USD/AOA: 914.60 ▲ 0.2% | Oil (Brent): $74.50 ▲ 3.2% | Gold: $2,920 ▲ 12.1% | BT 91d Yield: 14.8% | Inflation: 15.7% YoY | BNA Rate: 17.5% | BAI: Kz 100,500 ▲ 5.8% | BFA: Kz 118,000 ▲ 138.4% | USD/AOA: 914.60 ▲ 0.2% | Oil (Brent): $74.50 ▲ 3.2% | Gold: $2,920 ▲ 12.1% | BT 91d Yield: 14.8% | Inflation: 15.7% YoY | BNA Rate: 17.5% |

Level 1 — Angola Markets Basics: Your First Investment

8 Lessons · Prerequisite: Level 0 · Estimated time: 5-7 hours

This level takes you from understanding to action. You will learn how to open a securities account, understand the two main asset classes (bonds and stocks), compare returns, execute trades, manage taxes, and read the financial statements that drive investment decisions.

Lessons

  1. Opening a Securities Account — Your Gateway to BODIVA
  2. How Bonds Work — The Foundation of Angola’s Capital Markets
  3. How Stocks Work — Owning a Piece of Angola’s Future
  4. Understanding Yields — The Universal Measure of Return
  5. FX Basics — Understanding the Kwanza and Dollar
  6. Market Orders — How to Buy and Sell on BODIVA
  7. Tax Basics — Understanding IAC and Investment Taxation
  8. Reading Financial Statements — The Language of Business

After Completing Level 1

You will be able to open a BODIVA account, buy government bonds, purchase shares in listed companies, understand your tax obligations, and evaluate whether a company is worth investing in. You are ready for active investing in Level 2.

Start: Lesson 1 — Opening a Securities Account


Part of Angola X Academy. Explore the Markets Dashboard and Bond Dashboard.

FX Basics — Understanding the Kwanza and Dollar

Learn how foreign exchange works in Angola — the USD/AOA rate, BNA exchange rate regime, and managing currency exposure.

Feb 23, 2026

How Bonds Work — The Foundation of Angola's Capital Markets

Understand how government bonds work in Angola — treasury bills, treasury bonds, yields, prices, coupons, and how to buy them on BODIVA.

Feb 23, 2026

How Stocks Work — Owning a Piece of Angola's Future

Learn how stocks work on BODIVA — share ownership, dividends, capital gains, and how to evaluate Angola's listed companies.

Feb 23, 2026

Market Orders — How to Buy and Sell on BODIVA

Learn how to place buy and sell orders on BODIVA — market orders, limit orders, settlement, and practical trading mechanics.

Feb 23, 2026

Opening a Securities Account — Your Gateway to BODIVA

Step-by-step guide to opening a securities custody account at BODIVA through a licensed broker in Angola.

Feb 23, 2026

Reading Financial Statements — The Language of Business

Learn to read and interpret financial statements of Angola's listed companies — income statements, balance sheets, and cash flows.

Feb 23, 2026

Tax Basics — Understanding IAC and Investment Taxation

Learn Angola's investment tax framework — Imposto sobre Aplicação de Capitais (IAC), withholding rates, and tax-efficient strategies.

Feb 23, 2026

Understanding Yields — The Universal Measure of Return

Master yield calculations for Angola — current yield, yield-to-maturity, dividend yield, and real yield explained with examples.

Feb 23, 2026
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