The Warsaw Stock Exchange and the Mozambique stock exchange (Bolsa de Valores de Mocambique) have signed a memorandum of understanding on 26 June 2014. The purpose of the memorandum of understanding is to initiate co-operation between the two stock exchanges. This will mainly involve the exchange of information and experience on the capital markets of Poland and Mozambique and support of business relations between both countries.
“The world is globalising. This is something we understand particularly well on the capital markets. However, the markets do not work for their own sake: they should mainly serve the economy. I hope that our co-operation with the Mozambique stock exchange will facilitate contacts between entrepreneurs in both countries,” said Adam Maciejewski, President of Warsaw Stock Exchange.
“The Mozambique Stock Exchange (Bolsa de Valores de Mocambique) with the view of strengthening the role of the Mozambique capital market when it comes to economic growth and social development, looks to learn from the best experiences. In this context, the Warsaw Stock Exchange is a reference of a developed and stable capital market, and with this visit, the Mozambique Stock Exchange expects that a strong alliance is created between the two exchanges,” said Anabela Chambuca, President of Bolsa de Valores de Mocambique.
Bolsa de Valores de Mocambique (BVM) was registered and launched in October 1999. The Mozambique stock exchange is a public institution supervised by the local Ministry of Finance. BVM manages the securities market including both trade and post-trade clearing. The Mozambique stock exchange lists stocks, corporate and Treasury bonds, short-term debt instruments and participation units. The market capitalisation of securities listed on Bolsa de Valores de Mocambique is currently over US$ 1.2 billion. More information on the Mozambique stock exchange: http://www.bolsadevalores.co.mz/