The Mozambican Stock Exchange (BVM) and Eduardo Mondlane University (UEM) signed on March 21, in Maputo.
A Memorandum of Understanding covering the areas of training, research, capacity building and dissemination of information on the Capital Markets and the Stock Exchange.
The cooperation will be operationalized through the UEM Faculty of Economics and other organizational units and aims to contribute to the capital market expansion, financial inclusion promotion, favoring the improvement of the business environment and competitiveness of the Mozambican economy.
In addition to the regular exchange of information, joint organization of events, such as conferences, lectures and seminars, to discuss issues regarding the economy, financial system, capital markets and other matters of common interest, the MOU advocates for capital market and stock exchange’s modules education in the university's curricula, the provision of internships for UEM students at the Mozambique Stock Exchange and the promotion of research on issues related to the Capital Market.
During his speech, Orlando Quilambo, UEM Rector, said that the current socio-economic context of the country and other parts of the world is marked by scarce financial resources, which endangers the economies of different countries.
He further pointed out that considering this situation; there is a need to focus on the production and dissemination of scientific knowledge, in order to help the decision-making process, the management and expansion of the financial resources, allowing its rational and efficient use. The agreement will contribute to broaden the scientific debate surrounding the economy, with the financial system and the Capital Market.
Salim Valá, BVM Board of Directors’ Chairman, stated that UEM is in a prestigious position of the best African Universities’ raking, which influences positively the fields of training, knowledge dissemination and capital market’s debate.
Therefore, BVM joins this university of excellence and with a significant role for the country’s socio-economic development, towards staff training, research and academic extension, which will promote the message dissemination on the importance of the stock market.
Valá emphasized that the institutional cooperation, embodied in this Memorandum of Understanding, ensures that the Academic Community will disseminate, research and train staff on matters related to the capital market and the stock exchange, and crystallize students’ awareness, SMEs’ future managers and large companies, on the nature, advantages and concrete benefits of the capital market and the Mozambique Stock Exchange.