By Jones Gadama
The Minority Shareholders Association of Listed Companies (MISALICO) has called on religious leaders in Malawi to encourage their congregations to participate in capital market investments, including buying shares. This appeal was made by MISALICO Secretary General, Frank Harawa, during a shareholder literacy training session held in Blantyre.
The training, organized in partnership with the Reserve Bank of Malawi (RBM), aimed to equip religious leaders with knowledge on investing in shares through the stock market.
According to Harawa, participating in the capital market can enable Malawians to attain financial independence and contribute to the country’s economic empowerment and development.
The initiative seeks to dispel the misconception that the capital market is only for high-net-worth individuals, which has limited participation to just one percent of the population.
Khumbo Ntalika, Director of the Capital Market and Microfinance Supervision Department at RBM, echoed Harawa’s sentiments, emphasizing the need to increase public awareness about purchasing shares in listed companies.
This, she said, would enhance investments in the stock market and ultimately boost economic growth.
By engaging faith leaders, MISALICO aims to reach a broader audience and promote financial literacy among Malawians.
The association believes that this initiative will not only benefit individuals but also contribute to the country’s overall economic development.
