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Media key in capital markets awareness

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CHIMOYO—It was insightful

The media has been challenged to take a leading role in understanding functions and process in capital markets and disseminating the same to the masses to enhance the vibrancy of such platforms.

This came out during an online media interface hosted by the Malawi Stock Exchange (MSE) and Old Mutual Investment Group recently.

MSE Chief Executive Officer, John Kamanga, said the media and in particular business journalists have an important role in raising awareness on the role of the stock market in Malawi, both for companies and the public.

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He said in the recent past there has been proliferation of news about the Stock Exchange on social media and other platforms, which is good because it shows people are becoming interested in the stock market.

“We do recognise that information is power and without it, for instance, most companies cannot know that they could raise affordable capital through the Stock Exchange; and the public can also not realise that could invest their money by becoming part owners of profitable businesses.

“The mainstream media comes in with facts of activities on the stock market so that such discussions are based on the right information. We will continue to work with the media through initiatives such the interface we had, as well as the business journalist seminars that was conducted in July 2020,” Kamanga said.

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He added: “Our goal is to make sure that it becomes a norm for the media to report on the stock market on a more frequent basis. This will ensure everyone in Malawi gets to understand how the Stock Exchange can serve them both in raising affordable long-term finance and offering investment opportunities.”

Old Mutual Marketing and Corporate Affairs Manager, Patience Chatsika, said the company sponsored the event with the objective to empower the media with relevant and up to date information for it to, in turn educate the masses.

“We make sure we engage the media periodically on issues that we think could add value to the local media, this is not the first and surely is not the last for us,” Chatsika said.

One of the journalists who attended the event Capital FM’s, Earlene Chimoyo, said such platforms are essential in that the media are able to seek clarification on pertinent details on operations of capital markets.

“The discussion was insightful, it actually helped me and my colleagues in getting further understanding on the capital markets and I feel this will assist in improving how I report on such issues,” Chimoyo said.

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