The Mozambican Stock Exchange is expected to have three more listed companies by the end of this year, the president of the institution, Salim Valá, said recently, according to the Mozambican press.
The listing of these companies will mean that the Mozambique Stock Exchange has attracted four companies to the stock market this year, after the Manhiça Matadouro company (Manama) floated its shares on the exchange in April.
“The use of the stock exchange for economic development is still weak, so the institution is committed to increasing the number of companies and investors who use the bourse as a means to finance the economy,” said Valá.
The president of the Mozambique Stock Exchange was speaking at a retreat of the Confederation of Associations of Mozambique, held in the district of Bilene, in Gaza province.
The Mozambican Stock Exchange, incorporated in 1999, currently has five companies on the stock market – beer company Cervejas de Moçambique, engineering and construction firm CETA – Engenharia e Construção, energy company Companhia Moçambicana de Hidrocarbonetos, insurer Empresa Moçambicana de Seguros and slaughterhouse company Matadouro da Manhiça (Matama). (macauhub)