The Malawi Stock Exchange (MSE) has challenged people in the country to develop the spirit of buying shares, saying it is crucial in assisting the citizenry to attain financial stability.
MSE Operations Manager, Esnart Chilije, said this recently in Blantyre when students from Malawi Institute of Journalism (MIJ) visited the offices to appreciate what the institution is doing in enhancing the county’s economy through promotion of investments.
Chilije said every person has the capacity of buying shares from Malawi Stock Exchange despite living in different financial levels.
While acknowledging challenges faced by the Stock Exchange she urged Malawians to buy the shares.
“The main challenge is lack of instruments of stock exchange. Currently, there are only 14 companies that are listed on the stock market, yet there is a huge demand for investments, especially on the part of the institution investors,” said Chilije.
She said the visit by MIJ students to the institution was important as they would be able to disseminate information about its services with a better understanding, thereby helping in improving the country’s economy.
Some of the companies that are listed on the stock market include First Merchant Bank, Telekom Networks Malawi, Standard Bank and Illovo Sugar Company.
Speaking in a separate interview, Kondwani Makwakwa who works as a Stock Broker said they were always available to sensitize people on the importance of buying shares when approached.
“If somebody comes to buy shares, we usually explain to them the advantages of buying shares which includes having financial independence,” said Makwakwa.
Meanwhile, Reserve Bank of Malawi has embarked on financial literacy campaigns sensitizing people in the country on the importance of nurturing a saving culture.