Wednesday, 25 June 2008

Bolsa de Valores de Maputo set to expand listings

Two new state-owned companies are joining Maputo's stock exchange, Bolsa de Valores de Maputo (BVM). The first is Companhia Moçambicana de Hidrocarbonetos, a company that develops natural gas reserves at Temane in Inhambane province. The government also plans to list 20% of mobile-phone company M-Cel, although no date for the initial public offering has been announced. M-Cel is the largest mobile operators in Mozambique, with an estimated 2.6m clients. It is currently wholly owned by Telecomunicações de Moçambique.

Only seventeen companies are currently listed on the excahnage, including the local brewery, Cervejas de Moçambique, Banco Internacional de Moçambique, and Cimentos de Moçambique.

1 comment:

Anders said...

Wow, what an impressive blogg! Would love to get in touch with you guys and hear more about your activities...

I can be reached on anders.einarsson@simbainvestments.com.
Ps. Any advice whom I can contact to find out more info on the Mozambique stock exchange