The Brazilian Ambassador, Rodrigo Baena Soares, paid a visit to the Mozambique Stock Exchange on Wednesday, May 17, within the promotion framework of partnerships in order to improve Stock Market performance.
Brazilian Ambassador Rodrigo Baena Soares paid a visit to the Mozambique Stock Exchange on Wednesday, May 17, in the scope of promoting partnerships to improve the performance of the Stock Market.
The purpose of the visit was to broaden the knowledge of the Brazilian Ambassador on Capital Market and Stock Exchange, in order to embrace collaborative programs in the area of institutional capacity building, with emphasis on training, exchange of experiences, technological support, financial literacy and good management and regulation.
During the meeting, the Brazilian Ambassador in Mozambique acknowledged the effort that BVM has been undertaking in order to attract more companies to the Stock Exchange as a way of ensuring that the Stock Market in Mozambique becomes much more dynamic.
During his intervention, he also said that the entire robust economy is sustained by a strong and vigorous Capital Market and made it known that Mozambique is the biggest beneficiary of the Brazilian cooperation around the world and that he is available to support BVM in its development.
In addition, BVM´s CEO, Salim Valá, added that a partnership between the two Stock Exchanges will bring more gains to Mozambique and that there are already contacts with São Paulo Stock Exchange aimed at obtaining support from Brazil in the implementation of the financial education program, towards improving the technology base of the Stock Exchange and setting up BVM index.
In addition to that, he also emphasized that BVM has set a goal to admit to listing three more companies in 2017 and increase market capitalization and have more securities registered in the Central Securities Depository.
Photos of the event