Inclusive economic growth will depend on how we leverage the contribution of SMEs″ , defended the Chairman of the Board of Directors of the Mozambique Stock Exchange (BVM), Salim Cripton Valá, during the second edition of the Mozambique Agribusiness Industry and LogisticForum, which took place on the 15th and 16th of June, in the city of Beira, province of Sofala.
The BVM PCA stressed that the strengthening of this segment, in addition to being essential, is the safe path for the solid and robust growth of the national economy.
Valá was invited to the agribusiness forum to address the capitalization of Small and Medium Enterprises through the Stock Exchange. In this regard, the BVM helmsman assured that the institution he directs is working to strengthen the management capacity and economic performance of SMEs, transmitting the signal that SMEs are unavoidable for the BVM.
Despite some signs of recovery in the national economy, recalled Salim Valá, national companies, with an emphasis on Small and Medium Enterprises, will continue to suffer from structural problems and external shocks, which will require bold measures to boost SMEs. and counter the economic slowdown.
And because access to finance continues to be one of the main obstacles to the growth and consolidation of SMEs in the country, the BVM's PCA pointed to the capital market as a reliable alternative and in signable growth. In this sense, he assured that in partnership with the Association of Commerce, Industry and Services (ACIS), he will work for this segment to advance to the stock market, which offers financing at relatively lower costs compared to other available financing mechanisms.
“As a strategic partner of ACIS, we will work together so that more SMEs use the financial instruments that the BVM has for the market,” reiterated Valá.
In Mozambique, there are currently 64,361 Small and Medium Enterprises, with a turnover of just over 217 million meticais. The director of the BVM highlighted that his institution has two stock markets calibrated to welcome Mozambican SMEs that some of them are already using, inviting businesspeople present to use the products, services and financial instruments available at the BVM.
The Mozambique Agribusiness Industry and Logistic Forum, organized by ACIS, took place under the motto: “Business Environment, Access to Financing and Business Opportunities”. The event was attended by the Minister of Industry and Commerce, Silvino Moreno, the Director General of the Zambezi Valley Development Agency, Roberto Albino, the President of the Tax Authority of Mozambique, Amélia Muendane, representatives of economic institutions in the country. , the associate members of ACIS, as well as entrepreneurs and investors from the Province of Sofala and Mozambique.Photo Events