Growth SDVM
One of a small number of firms licensed by the Comissao do Mercado de Capitais (CMC) to distribute securities on BODIVA, Growth SDVM operates as a Sociedade Distribuidora de Valores Mobiliarios – the broker-dealer classification under Angolan securities law that authorises intermediaries to execute buy and sell orders on behalf of clients.
Key Facts
- Full Name: Growth – Sociedade Distribuidora de Valores Mobiliarios SA
- Licence Type: SDVM (Securities Distributor)
- Regulator: CMC (Comissao do Mercado de Capitais)
- Exchange Access: BODIVA
- Custody: Via CEVAMA accounts
- Headquarters: Luanda, Angola
- Sector: Financial Services – Capital Markets Intermediation
Role and Services
As an SDVM, Growth provides order execution and settlement services for clients seeking exposure to BODIVA-listed equities and government debt securities, including Bilhetes do Tesouro (treasury bills) and Obrigacoes do Tesouro (treasury bonds). The firm opens and manages CEVAMA custody accounts on behalf of investors, a prerequisite for holding any securities traded on the Angolan exchange. SDVMs sit at the critical junction between investors and the exchange, processing trades through BODIVA’s electronic trading system (SETIC) and settling them via CEVAMA on a T+2 cycle for equities and T+0 to T+1 for government bonds.
The total number of CMC-licensed intermediaries remains small relative to the market’s ambition. As of late 2024, BODIVA reported approximately 58,389 custody accounts at CEVAMA, a figure that has grown rapidly since the BAI IPO in 2022 and accelerated further with the BFA listing in September 2025. Each new BODIVA listing – BAI, ENSA, BCGA, BFA, and BODIVA itself – has driven a wave of new account openings, expanding the client base for firms such as Growth SDVM.
For foreign investors, accessing BODIVA requires working through a licensed intermediary. SDVMs like Growth are therefore a necessary gateway for any portfolio allocation to Angolan equities or local-currency government debt. The CMC’s licensing requirements mandate minimum capital adequacy, compliance systems, and segregation of client assets, providing a baseline of investor protection in an exchange that is still building its institutional track record.