Tags: MSE

MSE struggles to court corporate bonds

  Malawi Stock Exchange (MSE) seems to be facing difficulties to attract firms to issue corporate bonds that can be listed on the stock market. Bonds—investment instruments with low entry cost and highly efficient and transparent—are tools designed to appeal not only to institutions, but also to retail investors. MSE chief executive officer John Kamanga…

MSE hints at trading derivatives

  Malawi Stock Exchange (MSE) has said it is making notable strides towards the establishment of a derivatives market— a financial market for a security with a price dependant on one or more underlying assets. Out of the 25 stock exchanges in Africa, only three have derivatives markets. MSE chief executive officer John Kamanga told…

Sunbird to invest K1.5bn in hotel renovations

  Malawi Stock Exchange (MSE)-listed hotel chain, Sunbird Tourism Limited has said its hotels in Lilongwe Salima and Mzuzu will undergo renovations to improve and make them more comfortable for customers. Sunbird board has since approved K1.5 billion (about $2.3million) for renovations of Sunbird Lilongwe and Sunbird Mzuzu hotels. Sunbird Tourism Limited chief executive officer…

MSE upbeat on its 2015 performance

  The Malawi Stock Exchange (MSE) says it has achieved substantial growth in performance and total market capitalisation in 2015 although it made no new listings on the market. In an interview, MSE chief executive officer John Kamanga said the stock market has been successful in some of its dealings during the year and provided…

TNM sees opportunity for growth—Stevenson

  TNM plc new chief executive officer (CEO) Douglas Stevenson has described the economic turmoil that Malawi and most of African countries are currently facing as an opportunity for growth. He made the remarks in Blantyre on Wednesday on the sidelines of a cocktail the Malawi Stock Exchange (MSE)-listed telecommunications service provider organised for the…

IFC to sell 11.65% stake in Nico Holdings

  International Finance Corporation (IFC) intends to sell its 11.65 percent stake in Malawi Stock Exchange (MSE)-listed Nico Holdings Limited to employees, directors and third parties, a cautionary statement has said. However, this is contrary to an earlier cautionary statement Nico Holdings Limited issued in August this year, indicating that 25.1 percent of its shareholding…

Firm outlines four  Economic threats

Portfolio and investment advisory management firm Nico Asset Managers Limited has outlined four risks that could stand in the way of Malawi’s economic growth and development. The firm, in its July 2015 monthly economic brief, has mentioned banking sector risk, weak export base, increased government expenditure and high debt levels [foreign and domestic] as likely…

Malawi lending rates shock financial expert

London-based financial trainer and investment adviser, Paul Richards, has expressed shock over the country’s bank lending rates, saying they are prohibitive for individual borrowers and investors. Richards has warned that local financial institutions risk stagnation if corporate financing continues to be characterised by high interest rates that hover around 40 percent. He said Malawi’s lending…

Bullish stock market rakes in K15.95 million

The country’s only bourse, the Malawi Stock Exchange (MSE) was bullish last week with National Bank and Press Corporation Limited (PCL) registering share price gains. According to the MSE, National Bank share price rose by K0.90 from K227 to K227.90 while PCL share price gained K0.45 from K310.15 to K310.60. Due to the price gains,…