Mozambique Electronic Cargo Tracking Services (MECTS), the company responsible for the Electronic Sealing and Tracking System for Cargo in Transit, is set to become the first public-private partnership (PPP) to be listed on the Mozambique Stock Exchange (BVM) when its shares are admitted to trading on Wednesday, the BVM announced on Monday.
According to the BVM, the listing, scheduled for Wednesday, represents a historic moment for Mozambique’s capital market, marking the first time a public-private partnership has been listed on the exchange.
In a statement, the BVM said the listing “represents an important moment for the Mozambican capital market, marking the entry of the first Public-Private Partnership onto the BVM” and highlights “the stock exchange’s role in bringing companies closer to the capital market, diversifying financing options and developing the domestic economy”.
MECTS S.A. is a technology company responsible for operating the Electronic Sealing and Cargo Tracking System (ECTS). It is also dedicated to the development, implementation and operation of digital systems aimed at modernising institutional and business processes.
Among the services provided by the company, the electronic monitoring system for goods in transit, operated in partnership with the Mozambican Tax Authority (AT), stands out.
The company, which is of Mozambican origin, describes itself as digitally based and “dedicated to the design, development, implementation and operation of technological and IT systems aimed at modernising and improving the efficiency of institutional and business processes”.
Its admission to the stock exchange, which already lists 16 other companies across two market tiers, will be marked by a ceremony in Maputo attended by President Daniel Chapo, as well as representatives from the Government, the financial sector, the business community, capital market operators and institutional partners.
The application for listing was submitted to the BVM in June this year, after the company had registered its shares with the Securities and Exchange Commission, in a process governed by legislation on public-private partnerships and business concessions.
Mozambican PPP legislation provides for mechanisms enabling domestic investors to acquire a stake in the capital of these companies via the stock exchange, following a specified period of project operation.
The listing comes at a time when the company is reporting growth in revenues paid to the State. Data from the Ministry of Finance show that revenues from the MECTS concession rose by 155.6% in the first half of 2026, reaching 49 million meticais (€650,000), bucking the general trend seen in other concessions.
During the same period, the State’s total revenue from concessions fell by 62.6% to 1,184.3 million meticais (€15.7 million), according to the budget implementation report for the first half of the year.
The listing also comes at a time of expansion in the Mozambican capital market. Data from the central bank indicate that market capitalisation grew by 5% in 2025, to 221.9 billion meticais (€3.07 billion), and now accounts for 30.9% of gross domestic product (GDP).
In its strategic plan for 2024–2028, the BVM’s management has set a target of increasing the number of listed companies from 16 to 30 by 2028 and raising market capitalisation to 35% of GDP, thereby strengthening the role of the capital market in financing the domestic economy.
Source: Lusa