By Jones Gadama
The National Investment Trust (NIT) has announced plans to focus on alternative and private investments in its 2025-2029 strategic plan, following a profitable year with K29.76 billion in profit after tax from January to December 2024.
Speaking at a stakeholders’ engagement in Blantyre, NIT Board Chairperson Esther Gondwe revealed the trust’s intention to explore new investment areas, including infrastructure, in addition to listed equities and money markets.
Gondwe emphasized the need to encourage more people to invest in the company, citing low share purchases. “More needs to be done to encourage more people to invest in the company,” she said.
The trust aims to broaden public participation in a diverse portfolio of investments, as mandated by its establishment.
Reverend Frank Harawa, Secretary General of the Minority Shareholders Association of Listed Companies, praised NIT’s performance but urged the company to increase listed shares to facilitate broader investment opportunities.
“The association is impressed with the good performance of the National Investment Trust Limited,” Harawa said, adding that,”However, we urge the company to increase listed shares to allow more people to invest.”
The NIT’s strategic shift towards alternative investments aligns with global trends, as investors seek diversification and higher returns in uncertain markets. Alternative investments may include private equity, real estate, or infrastructure projects, potentially driving growth and returns for the trust.
By expanding its investment portfolio, NIT aims to create a more sustainable model for long-term growth and profitability, ultimately benefiting its shareholders and stakeholders.
