Malawi Stock Exchange

The Malawi Stock exchange (MSE), has been in existence since 1994 but started equity trading in November 1996 when it first listed National Insurance Company Limited (NICO). Prior to the listing of the first company, the major activities that were being undertaken were the provision of a facility for secondary market trading in Government of Malawi bonds namely, Treasury Bills and Local Registered Stocks. The MSE operates under the Capital Market Development Act 1990 and the Companies Act, 1984. The regulatory legislation of the Stock Exchange will be the Securities Act, which is in its draft form awaiting passing into Law by Parliament.

The Malawi Stock Exchange was set to serve a critical need in the Malawi economy of offering an alternative avenue of raising capital for companies to grow and provide a link between capital raisers and investors seeking profitable investment. The Stock Exchange was also established as a vessel through which Government would successfully privatize companies into the hands of many Malawians.

Malawi Stock Exchange is a company by guarantee with the following shareholders: Reserve Bank of Malawi, Malawi Government

The Board of MSE consists of 7 non-executive directors drawn from a wide spectrum having a high degree of expertise in the following fields: Finance and Banking, Economics, Financial and Capital Markets, Accounting and Auditing, Legal.

too young - too unexperienced - too poor in service. one point of ten. support service is quite competent though. but you know it's not enough