The Mozambique Stock Exchange (BVM) has announced its plans to admit four more companies to the stock market this year. The Chairman of the Board of Directors (PCA) of the BVM, Salim Valá, pointed out that they have already received expressions of interest from several national entities.
“By 2024, we aim to have at least four new companies listed on the stock exchange. Several have already expressed their intention to join our market. We are also working to attract companies linked to agribusiness, tourism, fisheries and the transport sector. And we believe that by the end of 2025 at least one commercial bank will be listed on BVM,” said Valá.
Since 2016, BVM has significantly increased the number of listed companies, from four to 16, representing growth of 300%. Valá stressed that BVM’s strategy for the coming years includes internationalization, attracting foreign investors and strengthening human resources.
“Our strategy for the coming years includes actions aimed at internationalizing BVM, attracting many more foreign investors and strengthening human resources. We want to invest in obtaining our own facilities that are appropriate for the functions of a modern stock exchange that seeks to be better connected to the national, regional and global economic system,” explained Valá.
In addition, BVM highlighted the partnerships established with institutions in the national economic and financial panorama, which have made it possible to broaden, deepen and diversify the areas of collaboration. The partnerships with the Angolan (Bodiva) and Cape Verde (BVC) stock exchanges have brought concrete results in the training of human resources, the exchange of experiences and the introduction of new financial products and instruments.
