Malawi Stock Exchange

Malawi's Global Portal
  • BHL
  • 25.00
  • 0.00 % 
  • FMB
  • 45.01
  • 0.00 % 
  • FMBCH
  • 45.01
  • 0.00 % 
  • ILLOVO
  • 228.01
  • 0.00 % 
  • MPICO
  • 15.50
  • 0.00 % 
  • NBM
  • 270.00
  • 0.00 % 
  • NBS
  • 7.50
  • 0.00 % 
  • NICO
  • 34.00
  • 0.02 % 
  • NITL
  • 60.08
  • 0.00 % 
  • OML
  • 1930.00
  • 0.00 % 
  • PCL
  • 570.00
  • 0.00 % 
  • STANDARD
  • 600.00
  • 0.00 % 
  • SUNBIRD
  • 70.00
  • 0.00 % 
  • TNM
  • 14.80
  • 0.00 % 

The Malawi Stock Exchange (MSE), has been in existence since 1994 but started equity trading in November 1996 when it first listed National Insurance Company Limited (NICO). Prior to the listing of the first company, the major activities that were being undertaken were the provision of a facility for secondary market trading in Government of Malawi securities namely; Treasury Notes and Local Registered Stock. The Stock Exchange is licensed under the Financial Services Act 2010 and operates under the Securities Act 2010 and the Companies Act 2013. 

The important functions of the MSE are:

  • Providing a link between financial raisers and financial suppliers (investors)
  • Providing market place for buyers and sellers of listed securities
  • Supervising trading activities
  • Supervising the conduct of member firms
  • Providing information services such as market trading information
  • Providing announcements made by listed companies

The MSE has three platforms namely, the Main Board, Alternative Capital Market and Debt Market. The Main Board is meant to cater for larger and well established companies; while The Alternative Capital Market was established to provide opportunity for the Small and Medium sized Enterprises (SME) who would like to raise capital at a lower cost by accessing public funds. The Debt Market caters for issuers that would want to raise debt capital as opposed to share capital. 

MISSION STATEMENT
To provide and operate a fair, orderly, transparent and properly regulated capital market for the creation of value to our investors and listed companies.


VISION
To promote a responsive market worthy of public trust characterized by transparency and integrity.


CORE VALUES
Our core values are the defining principles by which we operate as individuals and as a company. They define who we are, how we work, what we believe in and what we stand for.

Our core values are:

TTFPI:    

Transparency
  • We believe that transparency is an essential part of our business and that it enables us to function at a higher level accompanied by availability of full information required for collaboration, cooperation and collective decision making to our stakeholders.

Teamwork
  • We are a team that is built upon the foundation of innovation, success, development, problem solving, progression and client relations in order to achieve a common goal of ensuring investor and issuer protection.

Fairness
  • We are a business whose characteristics of fairness are a quality of being just, equitable and impartial. To us fairness means uncompromising adherence to ethical values in our business conduct.


Professionalism
  • We believe that professionalism is not a label we give ourselves, but it is a description we hope our clients will apply to us because of our positive attitude, communication, responsibility, knowledge, skills, loyalty and customer care values.


Integrity
  • We adhere to moral principles which are ethical, honest, truthful, upright and sincere in our conduct with our various stakeholders, and we take responsibility for our actions.
Augustine Chithenga

Augustine Chithenga

Chairman
Mark Tunmer

Mark Tunmer

Director
Chokani Mhango

Chokani Mhango

Director
Alex Mkandawire

Alex Mkandawire

Director
Evelyn Mwapasa

Evelyn Mwapasa

Director
Ofwa Alide

Ofwa Alide

Director
Elton Jangale

Elton Jangale

Director
Eunice Potani

Eunice Potani

Director
John Robson Kamanga

John Robson Kamanga

Chief Executive Officer and Company Secretary
John Robson Kamanga

John Robson Kamanga

Chief Executive Officer

Mr John Robson Kamanga is a seasoned financial economist and a capital market expert with a wealth of knowledge in capital market development, operation and regulation. He possesses a wealth of broad knowledge in African emerging markets acquired during his continuous involvement in the market over a period of 18 years where he has played a leading role in the development of the capital market in Malawi. He has provided compliance and quality assurance reviews on a number of large corporate finance transactions undertaken by listed companies on the Exchange.

Mr Kamanga holds a Bachelor of Social Science degree majoring in Economics, Masters of Arts (MA)  Economics majoring in International and Monetary Economics and a Master of Science (MSc) in Leadership and Change Management majoring in Corporate Governance. He is a Certified Member of the South African Institute of Financial Markets (SAIFM) and also a Certified Corporate Governance Expert by Global Corporate Governance Forum - IFC and Chair of the Institute of Directors Malawi.


John Robson Kamanga

John Robson Kamanga

Chief Executive Officer

Mr John Robson Kamanga is a seasoned financial economist and a capital market expert with a wealth of knowledge in capital market development, operation and regulation. He possesses a wealth of broad knowledge in African emerging markets acquired during his continuous involvement in the market over a period of 18 years where he has played a leading role in the development of the capital market in Malawi. He has provided compliance and quality assurance reviews on a number of large corporate finance transactions undertaken by listed companies on the Exchange.

Mr Kamanga holds a Bachelor of Social Science degree majoring in Economics, Masters of Arts (MA)  Economics majoring in International and Monetary Economics and a Master of Science (MSc) in Leadership and Change Management majoring in Corporate Governance. He is a Certified Member of the South African Institute of Financial Markets (SAIFM) and also a Certified Corporate Governance Expert by Global Corporate Governance Forum - IFC and Chair of the Institute of Directors Malawi.


Esnat Chilije, CFA

Esnat Chilije, CFA

Operations Manager

Esnat Chilije has over 8 years of work experience within the Malawi financial sector in the fields of economic research and analysis, investment management and corporate finance.

Esnat is a holder of the Chartered Financial Analyst designation and a Bachelor of Social Science (Economics) graduate of the University of Malawi. She also holds an advanced certification in Capital Market Development and Regulation obtained from the United Nations Institute of Training and Research (UNITAR), Switzerland. She is a member of the CFA Institute, USA and CFA Society, South Africa.

Madalitso A. Mittochi

Madalitso A. Mittochi

Finance & Compliance Officer

Madalitso A. Mittochi has over 12 years work experience within Malawi financial and  public sectors in the fields of finance, accounting,internal auditing,compliance and risk management.

He is a Fellow Chartered and Certified Accountant (FCCA), Chartered Accountant (MW), Certified Compliance Professional (CCP) and a Bachelor of Business Administration (Accounting & Finance) graduate of Zanzibar University. He is currently pursuing Master of Financial Management.

Douglas David Nyirenda

Douglas David Nyirenda

Operations Officer

Douglas David Nyirenda has over 9 years work experience in finance and financial markets having started his career in stockbroking, investments management prior to joining the Malawi Stock Exchange.

Douglas is a Bachelor of Accountancy graduate of the University of Malawi and is currently pursuing ACCA. He also holds a Certificate in Financial Markets Development and a Certificate in Financial Market Instruments. He is a Diplomate member of the Institute of Chartered Accountants in Malawi and a member of Financial Market Dealers Association of Malawi.

Mary Lorraine Chipofya, BBA, ACIM

Mary Lorraine Chipofya, BBA, ACIM

Business Development Officer

Mary Lorraine Chipofya has work experience in the hospitality, insurance and motor industries, and has expertise in customer relationship management, marketing, communication and public relations and training skills.

She is a holder of the Bachelor's Degree in Business Administration from the Blantyre International University. She also has Professional Certificate and Professional Diploma in Marketing from The Chartered Institute of Marketing (CIM), UK, and Diploma in Public Relations from The LCCI International Qualifications, UK and a Certificate in Hotel Operations from The Malawi Institute of Tourism. She was awarded the Associate Membership (ACIM) with the Chartered Institute of Marketing (CIM), UK.

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