On April 4, 2018, the Mozambican Stock Exchange Chairman, Salim Valá.
Gave a lecture during the Accounting and Audit High Institute of Mozambique (ISCAM) academic year opening.
The lecture, subordinated to the theme "Capital Markets and its Relevance for the Mozambican Financial System" with emphasis to Good Corporate Governance and Enterprises’ Empowerment, took place at ISCAM and was attended by 250 students and the educational institute’s guests and partners.
In his speech, Salim Valá said that the current macroeconomic environment, the high cost of money in the banking sector, the low rate of domestic savings and low productivity and profitability of companies, results in most companies not having tangible benefits during their interactions with the financial system, and the arise of the Capital Market as the best space in the mozambican economy.
Empirical evidence shows that companies that adopt Good Corporate Governance practices enhance investors’ confidence and market liquidity, therefore, stock markets are willing to pay more for these companies’ shares.
Finally, the lecturer exhorted the young students to investigate the Capital Market in depth and to the numerous financing and investment alternatives it offers to the economy.
During the same event, BVM and ISCAM signed a Memorandum of Understanding aimed at strengthening the cooperation towards the promotion and development of education and training, sharing of information and research, and a classroom was personalized with BVM image.
The partnership also foresees the promotion of studies, seminars and reflections about the importance of the provision of corporate financial information within the scope of Corporate Governance, and ISCAM's collaboration in the process of identifying solutions to lessen accounting and auditing costs for SMEs.