On October 2, 2020, the Mozambique Stock Exchange (BVM) , gave training to members of Maputo sports clubs on the functioning of the stock exchange, requirements, legal framework and advantages of listing on the stock exchange.
The training is part of the institutional cooperation between the BVM and the Secretariat of State for Sport, which aims to contribute to the continuous improvement of the business environment and competitiveness of the national economy, through the admission of the various Sports Limited Companies on the Stock Exchange.
During the event, BVM's PCA, Salim Valá, ensured the opening of the Stock Exchange to support the development of Mozambican sport, through the financial instruments that the capital market has. He also informed that the technical staff of the Exchange is available to work with sports clubs from all over the country, for their self-sustainability.
For his part, the Secretary of State for Sport, Carlos Gilberto Mendes, reinforced the need to improve the management of sports institutions, with transparency and adequate asset management.
The director, urged sports clubs to embrace efficient management mechanisms and launched the challenge of betting on youth in the Direction of Sports clubs.
It should be noted that, with this cooperation, the clubs will have access to the financial capital to operationalize their projects, thus raising the quality of National Sports.Photo Events