Under the slogan “Industrialization: Innovation and Diversification of the National Economy”, the annual multi-sector trade fair aimed to showcase the country's production potential for export and promote business and investment opportunities in the various segments of the national and international business fabric.
Speaking at the opening of the event, the Chairman of BVM's Board of Directors, Salim Cripton Valá, explained that the stock exchange not only wants, through FACIM, to disseminate and share the impacts of what it already has available on the market, but that it also wants to invite exhibitors, entrepreneurs and the public in general to use the stock exchange as an instrument for safe and profitable investments for their businesses and for the country's economy.
“FACIM is a gathering of entrepreneurs and investors from all over the country and the world who come to do business. For us, taking part in this event is a ritual and an important opportunity to interact, present, learn and to see how we can project more virtuous business for the future not only of our Stock Exchange, but also of business in Mozambique,” he said.
During the visit by the President of the Republic, Filipe Nyusi, to the BVM stand, Salim Valá made it known that, since the last edition, the institution he runs has been reaping positive results due to the increase in the main stock market indicators.
“Today we have a market capitalization of 28.8%, 16 listed companies, a turnover of over 21 billion meticais and a liquidity index of 10.2%. So, since the last edition of FACIM, the stock market indicators have been rising. We are pleased and we will continue to work so that these metrics can be increased to allow more Mozambicans and entrepreneurs to save, invest in the stock exchange and finance themselves through this alternative mechanism,” he concluded.
During the fair, the Exchange also took part in seminars and other networking initiatives linked to the country's economy. In the context of the seminars promoted by the State Business Sector (SEE), of which the Stock Exchange is a part, Rodrigues Paruque, a panelist and BVM representative, spoke about his institution as a vehicle for financing the economy.
On the occasion, Paruque said that the Exchange is carrying out different initiatives aimed at attracting more SMEs to the capital market, through financial literacy and seminars, which will create greater awareness and allow them to consider the Exchange as a financing platform and an instrument that can foster visibility, create trust and transparency and thus help improve the business environment in Mozambique.
Speaking after the opening ceremony of FACIM 2024, Mozambican statesman Filipe Nyusi said that the country had seen a very significant flow of investment over the last five years, noting that a total of more than 10 billion dollars had been invested, spread across the various sectors of the economy.
According to the President of the Republic, these investments have increased the Gross Domestic Product (GDP) rate, which in the first quarter of 2024 was around 3.2%.
FACIM brought together all economic sectors at national and international level at the Ricatla International Trade Fair and Exhibition Center, attracting more than 3,050 exhibitors (national and foreign), around 26 countries, 750 foreign companies and 65,000 visitors.
Event photos
