By Chisomo Phiri
The National Investment Trust Limited (NITL) Plc has announced an impressive financial performance for the year 2023, with a profit after tax of MK21.50 billion.
This represents a significant increase of 207.49% from MK6.99 billion in 2022.
NITL Board Chairperson, Esther Gondwe, shared this news during a stakeholders’ engagement meeting held at Protea Ryalls Hotel in Blantyre on Tuesday.
Gondwe highlighted NITL’s commitment to making stock market investments accessible to individuals who may not have extensive financial knowledge.
“We aim to lower the entry barrier for stock market investments, enabling more people to participate and benefit financially,” she explained.
However, Gondwe noted that NITL seeks to expand its reach by investing in companies beyond those listed on the Malawi Stock Exchange (MSE).
Currently, NITL has a significant presence in the financial sector, with 50% of its shares held in institutions such as Standard Bank, National Bank of Malawi, and NBS Bank.
 Plc has announced an impressive financial performance for the year 2023, with a profit after tax of MK21.50 billion. This represents…){kind=link}