In celebration of its 24th anniversary, the Mozambique Stock Exchange (BVM) held an international conference on Capital Markets and Stock Exchange. The conference was chaired by the Minister of Economy and Finance, Ernesto Max Tonela, and was attended by the presidents of the Cape Verde and Angola Stock Exchanges.

At the event, a Memorandum of Understanding was signed between the (BVM), the Angola Debt and Securities Exchange (BODIVA) and the Cape Verde Stock Exchange (BVC). The institutional partnership has as strategic axes the dissemination of information and experiences, staff training, sharing of good management and regulatory practices, technologies, as well as on attracting investments, promoting financial literacy and how to attract companies to use the capital market.

Speaking during the opening ceremony of the conference, Max Tonela acknowledged the role of the stock exchange in boosting the economy by providing financing alternatives, empowering businesses, generating employment, and providing stability to the national financial market. He also congratulated the cooperation between the stock exchanges at the level of the Community of Portuguese-Speaking Countries (CPLP).

"I also want to congratulate the three stock exchanges for the Memorandum of Understanding signed today for a better interaction and exchange of experiences in order to promote a sustainable growth of this market", stated Tonela.

In his turn, the Chairman of the Board of Directors of BVM, Salim Cripton Valá, said that the conference is a moment to reflect and take stock of the 24 years of the institution's existence.

″The challenge is to have the largest number of listed companies, such as those on the list of the 100 largest companies in the country, small and medium-sized companies, but also sensitive companies in the economy, including financial institutions, insurance companies, natural resource exploration companies, business concessions, and companies working in the mineral - energy complex.

The President of the Confederation of Mozambican Economic Associations (CTA), Agostinho Vuma, said that the existence of financing alternatives is crucial for the private sector, and the role of the capital market is instrumental in this process.

The Mozambique Stock Exchange launched in the same session a book entitled "Building the Sustainable Capital Market" that portrays the achievements of the institution, which it celebrates in the last six years, and its president highlighted two objectives of the document: "to ensure the institutional memory of the Exchange and to guarantee that this is a true instrument of financial education".

In the framework of this event, BVM granted Certificates of Recognition to the members of the Technical Secretariat of the Third Market, which besides BVM counts with 5 institutions, namely: the Institute for the Management of State Holdings (IGEPE), the Institute for the Promotion of Small and Medium Enterprises (IPEME), the Confederation of Economic Associations (CTA), the Higher Institute of Accounting and Auditing (ISCAM) and the Order of Accountants and Auditors of Mozambique (OCAM).

It should be noted that the Third Market was created three years ago, being an incubation market, or in other words, a market for preparation and organization of companies that want to join the Official Stock Markets. Currently three companies are listed and its success is guaranteed by the partnership that BVM has with these strategic partners.