From allAfrica

Despite the growth in the Mozambican Stock Exchange (BVM) since it was set up 15 years ago, it remains much weaker than similar institutions elsewhere in the SADC (Southern African Development Community) region, noted the governor of the Bank of Mozambique, Ernesto Gove, on Friday.

Speaking on the final day of a meeting of the Consultative Council of the Bank, at which the main topic of discussion was the state of the capital market in Mozambique, Gove said that only 17 companies, representing six per cent of the country’s Gross Domestic Product were quoted on the stock exchange.

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