MSE to phase out physical certificates

The Malawi Stock Exchange (MSE) has said it plans to phase out phys ica l share certificates through its dematerialisation process. MSE Operations Manager, Esnart Chilije, said the development is part of the local bourse’s automation initiative. Traditionally, shareholders were given physical share certificates as proof of ownership of shares in listed entities. But speaking […]

Low power tariffs frustrating Independent Power Producers

About three quarters of Independent Power Producers (IPPs) who signed Memorandums of Understanding (MoUs) with the government are said to have pulled out of the deals due to low tariffs offered by the buyer, Electricity Supply Corporation of Malawi (Escom). The revelation was made when a group of Civil Society Organisations (CSOs) met Escom and […]

Industry remains divided over Economic Partnership Agreements

The country’s industry players continue to be divided over the European Union (EU)’s proposed Economic Partnership Agreements (EPAs). The development comes at a time Malawi is yet to initial and sign the EPAs. EPAs are a scheme to create a free trade area (FTA) between the EU and the African, Caribbean and Pacific Group of […]

Reserve Bank of Malawi laments low insurance outreach

The Reserve Bank of Malawi (RBM) has bemoaned the low number of Malawians accessing insurance services in the country. RBM has since encouraged financial market players to come up with new products that would boost insurance penetration in the country. Speaking in Blantyre on the sidelines of the launch of NBS Bancassurance, RBM Director of […]

Oil dips

LONDON. — Oil prices were little changed at around $74 a barrel yesterday on rising US borrowing costs and the prospect of further output rises after another increase in the weekly rig count, although the overall picture for crude remained bullish. Bre…

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