The Minority Shareholders Association of Listed Companies (Misalico) has urged Malawians to seize wealth creation opportunities offered on the Malawi Stock Exchange (MSE) through the buying of shares.
Misalico is on a mission to demystify the world of stock market investment, witnessed by the second sensitisation meeting held under the theme ‘Creating and Building Wealth Through Shares on Malawi Stock Exchange’, in Lilongwe recently.
Its secretary general Frank Harawa fervently championed the transformative potential of the stock market testifying how his life has turned around through such investments.
“See, a company comes and opens a bank and they say, ‘Take 25 percent of our bank’. Another one comes and opens a hotel, and they say, ‘Take 25 percent of our hotel’. So, I buy those shares, and I become a part-owner of the bank.
“I will be at home sleeping, and people will go to work, and they will pay me dividends by sharing the profits. The capital gains are going up. So, it’s the easiest way of making money, only that we did not know about this, and there was a lot of fear,” Harawa said.
Stock Brokers Malawi Limited Chief Executive Officer Noel Kadzakumanja highlighted a widespread lack of awareness regarding the benefits of stock market investment.
According to Kadzakumanja, there is an urgent need to raise awareness on the stock market as an alternative form of investment.
Chief Executive Officer of Nico Asset Managers, Daniel Dunga, reinforced the sentiment that people are becoming billionaires through strategic investments in the stock market.
His words resonated with those in attendance, underscoring the untapped potential for wealth creation within this financial realm.
