Two additions to Malawi bourse list

MSE operations manager, John Kamanga said, as required, the two companies would be publishing their current financial results which will include results posted in the last three years so that the public can examine them before subscribing to the shares.

Currently there are 13 companies on the Malawi bourse, which are Blantyre Hotels, Old Mutual, Illovo, National Bank of Malawi, Malawi Property Investment Company, NBS Bank, National Insurance Company, National Investment Trust Limited, Press Corporation limited, Packaging Industries Limited, Standard Bank Sunbird Hotels and First Merchant Bank.

“These two companies are the only listings we have this year; by September, Real Insurance will be in and TNM by November,” said Kamanga.

TNM Limited is the first mobile phone service provider to emerge in Malawi in 1995 and operates under a Global System Mobile (GSM) communications licence.

Fixed telephone line operator, the Malawi Telecommunication Limited owns 40% of TNM while MTL Mobile owns 60%.

Real Insurance Company limited is a subsidiary of Real Insurance Company of Kenya and was formerly called Royal Insurance Company of Malawi Limited.