Malawi Stock Exchange

The Malawi Stock Exchange acts under Capital Market Development Act, 1990 and Companies Act, 1984. It came into being in the year 1994. But Malawi Stock Exchange commenced with the equity trading part in November1996 under the auspices of the Reserve Bank of Malawi with 2300 Malawian citizens purchasing shares in the very first company to be enlisted, the National Insurance Company. The major activities, which were assigned to the market, contained provisions for facilitating for a secondary market trading in the Malawian Government namely, Local Registered Stocks and Treasury Bills. The Security Act is yet to be passed by the Parliament.

The Malawi Stock Exchange was established to create a link between the investors and capital raisers. It also has an objective of providing an alternate option of increasing capitals so that companies can prosper. It will also provide ample opportunities for privatization. It also works towards achieving an open market keeping out any kind of fraudulent deals. It encourages justifiable principles of security trading and also promotes capital markets by mobilization of savings and related funds for investment in long term produces and other generative enterprises.

The mission of the Malawi Stock Exchange is to provide a safe alternative and transparent open market for the benefit of the shareholders. The exchange looks forward to establish them as the leading stock exchange in the world and gain a firm hold on the market by their integrity and dynamic performance. They aspire to accomplish the task of providing an alternate investment option in the corporate world.

The shareholders of the Malawi Stock Exchange are:

Reserve Bank of Malawi Malawi government

The directors of the company have been selected from a wide range of experts in the various fields of capital investment and marketing.

The chairman of the Malawi Stock Exchange is Mr Krishna Savjani SC. The trading hours of the market is from 9:00 in the morning to 12.00 in the afternoon. It follows the call over system of trading structure. Eight companies are enlisted on the MSE.