MSE appoints Kamanga as new CEO

Malawi Stock Exchange (MSE) has announced the appointment of John Kamanga as its new chief executive officer (CEO).

“Kamanga is a seasoned financial economist and a capital market expert with a wealth of knowledge in capital market development, operation and regulation,” reads a statement issued by the bourse yesterday.

MSE said Kamanga, who becomes the third CEO for the bourse, has been with the exchange since its inception in 2000.

Before his appointment as CEO, Kamanga has been chief operations officer for close to 15 years.

Kamanga takes over from MSE long-serving CEO, Symon Msefula, who retired in May after serving for 13 years at the exchange.

Msefula’s time as CEO at MSE saw the listing of companies such as FMB, Mpico Limited, NBS Bank, National Investment Trust Limited (Nitl), Real Insurance Company of Malawi Limited, Sunbird Tourism and TNM that brought the number of counters to 15 on the exchange.

MSE started in 1996 but operated under Stockbrokers Malawi Limited until 2001 when it became an autonomous institution with Thom Mpinganjira as its first CEO.

Msefula took over from Mpinganjira who left to establish First Discount House (FDH), now FDH Financial Holdings Limited.