Type | Stock Exchange |
---|---|
Location | Blantyre, Malawi |
Founded | November 11, 1996 |
Key people | James Kamwachale Khomba Chairman Wilson T. Banda Director |
Currency | Kwacha (K) |
No. of listings | 16 [1] |
Market cap | US$3.26 billion (December, 2022) [1] |
Indices | Malawi All Share Index Malawi Domestic Share Index Malawi Foreign Share Index |
Website | www |
The Malawi Stock Exchange (the MSE) is a stock market, with three licensed brokers is based in Blantyre, Malawi.
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, with 2,300 Malawian citizens buying shares in the first company to be listed – Malawi's largest insurance firm, the National Insurance Company.
International Finance Corporation, a World Bank affiliate, and the Financierings Maatschappij Ontwikkelingslanden, a Dutch 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, and the European Union 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.
The MSE has a modest market listing. More stringent listing rules are currently being prepared. Membership of the Exchange is corporate and individual.
Number | Symbol | Company | Notes |
---|---|---|---|
1. | BHL | Blantyre Hotels plc | Lodging, Resorts |
2. | FMBCH | FMB Capital Holdings Plc | Banking, Finance |
3. | ICON | Icon Properties plc | Real Estate |
4. | ILLOVO | Illovo Sugar Malawi plc | Sugar |
5. | MPICO | Malawi Properties Investment Company plc | Real Estate |
6. | NBM | National Bank of Malawi plc | Banking, Finance |
7. | NBS | NBS Bank plc | Banking, Finance |
8. | NICO | NICO Holdings Plc | Finance, Mortgages, Insurance |
9. | NITL | National Investment Trust plc | Investments |
10. | OMU | Old Mutual Limited | Banking, Finance |
11. | PCL | Press Corporation plc | Food Distribution, Aquaculture, Real Estate, Beverages, Tourism, Telecommunication |
12. | STANDARD | Standard Bank Malawi plc | Banking, Finance |
13. | SUNBIRD | Sunbird Tourism plc | Tourism, Hotels, Resorts, Real Estate |
14. | TNM | Telekom Networks Malawi plc | Mobile Telephony |
15 | AIRTEL | Airtel Malawi plc | Telecommunication |
16 | FDHB | FDH Bank plc | Banking, Finance |
Blantyre is Malawi's centre of finance and commerce, and its second largest city, with an enumerated 800,264 inhabitants as of 2018. It is sometimes referred to as the commercial and industrial capital of Malawi as opposed to the political capital, Lilongwe. It is the capital of the country's Southern Region as well as the Blantyre District.
Nedbank Group is a financial services group in South Africa offering wholesale and retail banking services as well as insurance, asset management, and wealth management. Nedbank Limited is a wholly owned subsidiary of Nedbank Group.
The African Securities Exchanges Association (ASEA) was incorporated in 1993 in Nairobi. ASEA's aim is to provide a formal framework for the mutual co-operation of securities exchanges in the African region. Its functions include the exchange of information and assistance in the development of member exchanges.
The Malta Stock Exchange, originally known as the Casino della Borsa, is the stock exchange of the island nation of Malta. Since being set up in 1992, the Exchange has been key to the raising of capital for the private sector through the issue of corporate bonds and equity while virtually all the national debt of Government of Malta has been issued in the form of Malta Government bonds and treasury bills that are listed and traded on the secondary market.
The Mongolian Stock Exchange (MSE) (Mongolian: Монголын Хөрөнгийн Бирж/Mongolyn Khöröngiin Birj) is Mongolia's sole stock exchange. It is based in Ulaanbaatar and was established in January 1991 by the decree of the Mongolian Government to privatize state-owned assets.
First Capital Bank Malawi Plc, formerly known as First Merchant Bank Plc, is a commercial bank in Malawi. It is licensed by the Reserve Bank of Malawi, the central bank and national banking regulator. It is a subsidiary of FMB Capital Holdings.
Prime Bank Kenya (PBKL) is a commercial bank in Kenya, licensed and supervised by the Central Bank of Kenya (CBK), the national banking regulator.
NBS Bank Limited, commonly referred to as NBS Bank, is a commercial bank in Malawi. It is licensed as a commercial bank, by the Reserve Bank of Malawi, central bank and national banking regulator.
National Bank of Malawi(NBM), is a commercial bank in Malawi. The bank is one of the commercial banks licensed by the Reserve Bank of Malawi, the central bank and national banking regulator.
Britam Holding PLC is a leading diversified financial services group and is listed on the Nairobi Securities Exchange. The group has presence in seven Africa countries in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi.
CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi. CIC Group has a network of branches and operational subsidiaries spread across the 4 countries.
The Standard Bank of Malawi, previously known as the Commercial Bank of Malawi, is a commercial bank in Malawi. It is licensed by the Reserve Bank of Malawi, the central bank and national banking regulator.
Real Insurance Company of Malawi Limited, commonly referred to as Real Insurance, is an insurance company based in Blantyre, Malawi.
Felix Mlusu is a Malawian corporate executive and financier who served as the 22nd Minister of Finance in the Government of the Republic of Malawi from 2020 to 2022. Prior to his role in the Treasury he was Managing Director and Group Chief Executive Officer of NICO Holdings from 1994 until his retirement on 31st December 2016.
FMBCapital Holdings Plc, also referred to as First Capital Bank Group, is a financial services holding company based in Mauritius. It operates commercial banks in the Southern African countries of Botswana, Malawi, Mozambique, Zambia and Zimbabwe, which trade as First Capital Bank.
Edith Jiya is a Malawian businesswoman and corporate executive who is the group chief executive officer of Old Mutual Malawi Limited. She also sits on the boards of approximately a dozen public and private Malawian companies and businesses.
Botswana Insurance Holdings Limited is an investment, retirement, and insurance group that maintains its headquarters in Botswana and operates through three subsidiaries and holds a stake in a number of associate companies. BIHL Group was established in 1975 and has been listed on the Botswana Stock Exchange since 1991.
NICO Holdings plc is a diversified financial services group and is listed on the Malawi Stock Exchange.
Hitesh Anadkat is a Malawi-based businessman, investor and philanthropist. He is the founder of the African banking group FMB Capital Holdings.