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Malawi stock exchange expects new listing

January 24, 2014

The Malawi Stock Exchange (MSE) has expressed optimism that the market will see a new listing this year. MSE Chief Operations Officer, John Kamanga told a local press on Friday that last year's market performance was extremely good hence one listing should be expected this year. €śThe market has exhibited good returns by being the best performed stock market in Africa and this would attract potential investors who were on a wait-and-see situation,€ he said. He admitted, however, that as the country is heading towards the elections in May, investors will be on €śwait and see€ positions. He however, effects of the elections are likely to be mild on the market because of Malawi's history of peaceful elections over the years. €śElections bring lots of anxiety to both the general public as well as the investing community. Malawi has had peaceful general elections for the past three elections since 1994, a reputation which has encouraged investors whose confidence has increased with each year. On sensitisation initiatives, Kamanga said the Malawi Stock Exchange has lined up training programmes for the general public as well as training of trainers workshops for secondary school teachers in collaboration with the Reserve Bank of Malawi . He said workshops will be conducted in the central and northern regions of Malawi , starting in the first quarter of the year.

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Source: Agence de Presse Africaine

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