Group Educates On Stock Market To Boost Wealth Creation
City councilman Christopher Jana hailed the timely session for demystifying murky brokerage processes that previously deterred investors.
ZOMBA, Malawi— An advocacy organization led discussions this week introducing Malawians to the nation’s stock exchange and opportunities for building wealth through share purchases, writes Peter Davieson.
Malawi Shareholders Minority Association vice chair Rodney Khozomba said Thursday's gathering marked a promising start to engaging untapped interest that can expand equity investment.
"So far, we have seen that the interest is there, based on the questions people were asking, and people should know that shares are one way in which one can create wealth, so they are part of wealth diversification," he told attendees.
City councilman Christopher Jana hailed the timely session for demystifying murky brokerage processes that previously deterred investors.
“The way people bought shares, many people don't know, and once you bought shares, tracing or communicating between the broker and the owner of the shares has been a problem," Jana said.
"But now people know where to go and where to claim the shares."
The nonprofit civil society group holds such programmes countrywide, working since 2016 to reduce poverty by promoting participation in Malawi's Stock Exchange. Officials want improved financial literacy, allowing more citizens to leverage markets and generate returns.