By Jones Gadama
The Minority Shareholders Association of Listed Companies (MISALICO) has identified a lack of financial literacy as a major obstacle to Malawians’ participation in the Malawi Stock Exchange (MSE) market.
According to Reverend Frank Harawa, Secretary General of MISALICO, the knowledge gap about the market remains a significant contributing factor to poor participation.
Speaking in Rumphi during an engagement with locals, Harawa emphasized the need for civic education to address this issue.
He noted that those who have benefited from the market often do not share their experiences openly, making it difficult for others to learn from their successes.
Reverend Father Christopher Isaiah Mnkhwamba of St Thomas Anglican Church acknowledged the problem, highlighting the potential for economic transformation if Malawians were civically educated on the subject.
With 16 companies listed on the MSE, there are opportunities for individuals to invest and benefit from the market.
MISALICO’s initiative to educate Malawians about the MSE market is a step towards promoting financial literacy and inclusion.
By empowering individuals with knowledge, they can make informed decisions about investing in the stock market and improving their economic well-being.
