Malawi Stock Exchange

The Malawi Stock Exchange (the MSE) is a stock market, with a single licensed broker is based in Blantyre, Malawi.

Malawi Stock Exchange
TypeStock Exchange
LocationBlantyre, Malawi
FoundedNovember 11, 1996
Key peopleJames Kamwachale Khomba
Wilson T. Banda
CurrencyKwacha (K)
No. of listings16[1]
Market capUS$3.013 billion (December, 2021)[1]
IndicesMalawi All Share Index
Malawi Domestic Share Index
Malawi Foreign Share Index


The Malawi Stock Exchange was inaugurated in March 1995 and opened for business for the first time on 11 November 1996, under the aegis of the Reserve Bank of Malawi, with 2,300 Malawian citizens buying shares in the first company to be listed – Malawi's largest insurance firm, the National Insurance Company.

International Finance Corporation, a World Bank affiliate, and the Financierings Maatschappij Ontwikkelingslanden, a Dutch development bank with close ties to the Dutch Ministry for Development Co-operation, provided 40% of the $500,000 required for establishing the stock market in Blantyre, and the European Union sponsored seminars and publicity campaigns. The exchange operates in terms of the Capital Markets Development Act of 1990 and the Capital Market Development Regulations of 1992. It has a supervisory committee which comprises representatives of the central bank, the government and the private sector. It is a member of the African Stock Exchanges Association.

The MSE has a modest market listing. More stringent listing rules are currently being prepared. Membership of the Exchange is corporate and individual.

Market listing

As of June 2022[2]

Number Symbol Company Notes
1. BHL Blantyre Hotels plc Lodging, Resorts
2. FMBCH FMB Capital Holdings Plc Banking, Finance
3. ICON Icon Properties plc Real Estate
4. ILLOVO Illovo Sugar Malawi plc Sugar
5. MPICO Malawi Properties Investment Company plc Real Estate
6. NBM National Bank of Malawi plc Banking, Finance
7. NBS NBS Bank plc Banking, Finance
8. NICO NICO Holdings Plc Finance, Mortgages, Insurance
9. NITL National Investment Trust plc Investments
10. OMU Old Mutual Limited Banking, Finance
11. PCL Press Corporation plc Food Distribution, Aquaculture, Real Estate, Beverages, Tourism, Telecommunication
12. STANDARD Standard Bank Malawi plc Banking, Finance
13. SUNBIRD Sunbird Tourism plc Tourism, Hotels, Resorts, Real Estate
14. TNM Telekom Networks Malawi plc Mobile Telephony
15 AIRTEL Airtel Malawi plc Telecommunication
16 FDHB FDH Bank plc Banking, Finance

See also


  1. "Daily Stock News 10 June 2022". Malawi Stock Exchange. Retrieved 13 June 2022.
  2. "Malawi Stock Exchange (NSE) Live". Retrieved 2019-03-12.
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