Last Updated: 26 March 2019
On March 15, 2019, the Mozambican Stock Exchange (BVM) and the Technical University of Mozambique (UDM). Signed a Memorandum of Understanding with a view to establishing cooperative relations in the field of promoting financial literacy on the financial system, capital market and Stock Exchange, and promote the formation, investigation, extension, dissemination of information and debates on related matters.
The protocol aims to contribute to the growth of the capital market and promote literacy and financial inclusion in Mozambique, thus favoring the improvement of the business environment and the competitiveness of companies and the Mozambican economy.
In addition to the regular exchange of information, the partnership provides for the joint organization of events, namely conferences, lectures, symposia and seminars to discuss issues on the economy, financial system, capital markets, Stock Exchange and others of common interest, lecturing of chairs and modules on the Stock Exchange, insertion of these subjects into the UDM curriculum, internships for UDM students at BVM, and the promotion of research on issues related to the capital market and the Stock Exchange.
On that occasion, BVM's PCA, Salim Cripton Valá, gave a lecture on the opening of the academic year, entitled "The Role of the Stock Exchange in Strengthening the Financial System in Mozambique: Trends, Challenges and Prospects". In his explanation, he said that the recent financial crises and the reversal of capital flows to emerging markets, as well as the high cost and difficult access to financing by Mozambican companies, have reinforced the debate on the need to develop capital market as a viable alternative to corporate finance, and to make the financial system more robust, diversified and sustainable.
He pointed out that some of the key challenges for the country are the restoration of macroeconomic stability and investor confidence, the improvement of the technical and managerial quality of entrepreneurs, and improved economic governance and transparency. He concluded by saying that promoting the stock market culture and changing the paradigms of financing companies dictated the strategic approach to UDM, because the changes are more sustainable when they are made in schools, institutes and universities.
Speaking at the occasion, the Magnificent Rector of UDM, Prof. Doctor Severino Nguenha, was pleased to initiate the protocol with BVM, which will allow the academic community to have more information about the capital market and BVM, students can benefit from professional internships, and new ones can open up lines of research on the burning issues of the Mozambican financial system. He also said that UDM will continue to promote debates and reflections on the subject, and praised the creation of the Digital Magazine of UDM, which will certainly be a channel of excellence for students and teachers to disseminate the results of their research.Event Photos