By Llywellenie Mpasa:
Minority Shareholders Association of Listed Companies (Misalico) has reiterated the need for the country to intensify effort on the financial inclusion drive if the wealth creation aspiration is to be met.
Among other things, the association is advocating an increased number of investors on the Malawi Stock Exchange, which it says has vast opportunities.
Speaking at a press briefing in Blantyre on Tuesday, Misalico Chairperson William Matewere said financial literacy and education remains key in enhancing Malawians’ participation on the stock market.
“While others keep their money-making strategies hidden, we are committed to sharing the secret to benefit all Malawians,” Matewere said.
He said while the market has its risks, like any venture, opportunities it presents are ideal for growing money.
Meanwhile, the association will on July 5 host a seminar scheduled on demystifying the stock market as a way of creating a platform for conversation on operations of the bourse.
According to Matewere, the seminar is aimed at providing valuable education and guidance to individuals interested in investing in the market.
“We are dedicated to addressing the underrepresentation of indigenous Malawians on the stock market and ensuring broader participation that benefits the entire nation,” Matewere added.
He said the campaign is aimed at fostering the creation and accumulation of wealth through shares on the stock market, thereby encouraging Malawians to engage in profitable business ventures.
Matewere said investing in long-term instruments such as stocks is reliable compared to other options which are more susceptible to shocks.
Misalico, established in 2018, has been instrumental in assisting shareholders in improving their understanding of stock market operations.
