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Financial market dealers conference starts Friday

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By Taonga Sabola:

HAMISI—Conference is crucial

The country’s financial market dealers start meeting in Mangochi on Friday to bang heads on how best to sustain a sound financial market.

The conference comes at a time the financial market has registered stability in key indicators such as interest rates and exchange rates.

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Financial Market Dealers Association (Fimda) Vice President, Patricia Hamisi, said Tuesday the indaba would be held under the theme ‘Sustaining a Sound Financial Market: The Case for Malawi’.

“Malawi has seen quite a stable financial market and economy in the recent past with majority of economic indicators facing the right direction. The dealers, as we all know, have a considerably direct contribution to the direction of exchange rates and interest rates.

“However, the efficiency, effectiveness and safe conduct of financial market operations cannot and ought not to be taken for granted as many would know that financial institutions are accident-prone entities, especially the dealing rooms,” Hamisi said.

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She said it is important that dealers should be reminding each other of key things that can help sustain the stability and growth of the financial market and the economy at large.

She said Finance Competitiveness and Innovation Global Practice Lead Financial Sector Economist, Gabi Afram, will be the guest of honour at the conference.

Hamisi said Afram will make a presentation on capitalising long-term finance for Africa’s development needs.

Other speakers include Peter Skerritts Training and Consultancy Managing Partner Peter Skerritts, FDH Financial Holdings Head of Risk and Compliance Sammy Chilunga and Cedar Capital Limited Managing Director Armstrong Kamphoni.

Over 100 dealers are expected to attend the conference, which will end on Monday

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