The Mozambique Stock Exchange (BVM) has set itself the ‘ambitious’ goal of increasing the number of listed companies to 30 by 2028, as well as achieving a market capitalisation equivalent to 35% of the country’s Gross Domestic Product (GDP).
According to the newspaper Noticias, the goals are part of BVM’s new Strategic Plan for the period 2024-28, announced on Monday 25 November. The institution currently has 16 listed companies, representing 28.54 per cent of GDP.
The institution’s chairman, Salim Valá, believes that these targets are achievable, as long as there is a collaborative effort between all those involved in the national financial ecosystem. ‘These are goals that can be reached and surpassed,’ he said.
The strategic plan also foresees growth in the number of investors registered with the Central Securities Depository (CVM), from the current 26,305 to around 50,000 by 2028. Valá emphasised that BVM is betting on the potential of the capital market to boost the real economy, stimulating medium and long-term productive investment, which in turn would contribute to increasing company performance.
‘The financial system can be boosted by a capital market that propels the real economy,’ he said.
BVM’s plan is structured around five pillars: boosting the stock and bond markets, technological modernisation, development and marketing of new financial products, promotion of the regulatory framework and institutional capacity building and visibility. One of the objectives is to attract companies from different sectors that are well managed, profitable and have ethical practices.
BVM is planning to acquire a new building, suited to the needs of a growing stock exchange, as part of an effort to consolidate the organisation as a strategic business centre for the Mozambican economy
Another focus is the adoption of innovative mechanisms to increase liquidity and trading volume on the exchange. The institution is also committed to adapting its technological platforms to international standards, seeking greater efficiency and integration with other regional and international stock exchanges.
BVM is planning to acquire a new building, suited to the needs of a growing stock exchange, as part of an effort to consolidate the organisation as a strategic business centre for the Mozambican economy.
Through these advances, the institution hopes to make a significant contribution to strengthening the capital market and to the sustainable growth of the national economy in the coming years.
