The president of the Mozambique Stock Exchange (BVM), Salim Valá, considers that greater investment by individuals in the stock market is important.
“Investors should analyse the companies in which they invest, and one advantage of betting on a listed company is that we provide all the relevant information to the market, that is, when it is listed on BVM, that firm is obliged to provide information to the market and investors, allowing them to monitor it, which is difficult to do with unlisted companies,” he said.
According to Salim Valá, a country’s economic development does not depend solely on the accumulation of capital, the increase in Gross Domestic Product (GDP) and per capita income.
“It is essential that, in addition to macroeconomic indicators, there is an increase in human capital, good governance and sustainable management of natural resources and that essential services are available to the majority of the population,” he said.
Speaking recently in Maputo, the source also stressed that “the improvement of social welfare, with inclusive economic growth and structural transformation of the economy, will bring out a robust middle class, increasingly influential, powerful and enlightened.
Because of its size, scope, significance and purpose, Valá adds, “the economy is what fascinates and attracts me the most, but without wanting to underestimate the importance of finance”.
“These are two terms and concepts which are sometimes used as synonyms, but reality could not be further from the truth because they are distinct, although they can interrelate and influence each other.
In this sentence I review what I really believe and what the entire BVM team advocates, i.e. the Stock Exchange is a catalyst for the economic empowerment of Mozambicans and the strengthening of the business sector, whether public or private,” he said.
For Valá, the companies will have to reposition themselves in the market, find new ways to continue their business, even if it is in different forms and formats.
