The Malawi Stock Exchange (MSE) is a Malawian
stock market
A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include ''securities'' listed on a public stock exchange a ...
based in
Blantyre
Blantyre is Malawi's centre of finance and commerce, and its second largest city, with a population of 800,264 . It is sometimes referred to as the commercial and industrial capital of Malawi as opposed to the political capital, Lilongwe. It is ...
,
Malawi
Malawi, officially the Republic of Malawi, is a landlocked country in Southeastern Africa. It is bordered by Zambia to the west, Tanzania to the north and northeast, and Mozambique to the east, south, and southwest. Malawi spans over and ...
.
Overview
The Malawi Stock Exchange was inaugurated in March 1995 and opened for business for the first time on 11 November 1996, under the aegis of the
Reserve Bank of Malawi
The Reserve Bank of Malawi is the central bank of Malawi established in the year 1964 located in Lilongwe. The current governor is Wilson Banda.
The Bank is active in promoting financial inclusion policy and is a leading member of thAlliance for ...
, with 2,300
Malawi
Malawi, officially the Republic of Malawi, is a landlocked country in Southeastern Africa. It is bordered by Zambia to the west, Tanzania to the north and northeast, and Mozambique to the east, south, and southwest. Malawi spans over and ...
an citizens buying shares in the first company to be listed – Malawi's largest insurance firm, the National Insurance Company.
International Finance Corporation
The International Finance Corporation (IFC) is an international financial institution headquartered in Washington, D.C. and a member of the World Bank Group that offers investment, advisory, and asset-management services to encourage private ...
, a
World Bank
The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...
affiliate, and the
Financierings Maatschappij Ontwikkelingslanden, a
Dutch
Dutch or Nederlands commonly refers to:
* Something of, from, or related to the Netherlands
** Dutch people as an ethnic group ()
** Dutch nationality law, history and regulations of Dutch citizenship ()
** Dutch language ()
* In specific terms, i ...
development bank with close ties to the Dutch Ministry for Development Co-operation, provided 40% of the $500,000 required for establishing the stock market in
Blantyre
Blantyre is Malawi's centre of finance and commerce, and its second largest city, with a population of 800,264 . It is sometimes referred to as the commercial and industrial capital of Malawi as opposed to the political capital, Lilongwe. It is ...
, and the
European Union
The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The u ...
sponsored seminars and publicity campaigns. The exchange operates in terms of the Capital Markets Development Act of 1990 and the Capital Market Development Regulations of 1992. It has a supervisory committee which comprises representatives of the central bank, the government and the private sector. It is a member of the
African Stock Exchanges Association
African Securities Exchanges Association (ASEA) is trade association for securities exchanges in Africa headquartered in Nairobi, Kenya. The associations aim is to provide a formal framework for the mutual co-operation of securities exchanges in ...
.
The MSE has a modest market listing. More stringent listing rules are currently being prepared. Membership of the Exchange is corporate and individual.
Market listing
'
Trading times
Trading takes place from Monday to Friday with the following times:
* Pre-Open: 09:00 - 09:30
* Open: 09:30 - 14:30
* Close: 14:30 - 15:00
* Post-Close: 15:00 - 17:00
See also
*
Economy of Malawi
The economy of Malawi is $7.522 billion by gross domestic product as of 2019, and is predominantly agricultural, with about 80% of the population living in rural areas. The landlocked country in south central Africa ranks among the world's leas ...
*
List of stock exchanges
A list is a set of discrete items of information collected and set forth in some format for utility, entertainment, or other purposes. A list may be memorialized in any number of ways, including existing only in the mind of the list-maker, but ...
*
List of African stock exchanges
There are 38 exchanges in Africa, representing 29 nations' capital markets.
22 of the 38 stock exchanges in Africa are members of the African Securities Exchanges Association (ASEA). ASEA members are indicated below by an asterisk (*).
The Egy ...
External links
Website of Malawi Stock Exchange
References
{{reflist
1995 establishments in Malawi
Companies listed on Malawi Stock Exchange
Stock exchanges in Africa
Economy of Malawi
Companies of Malawi
Blantyre