Two additions to Malawi bourse list
By: Gregory Gondwe
Malawi: The mobile phone service provider TNM Limited and Real Insurance Company Limited are preparing to be listed on the Malawi Stock Exchange (MSE) during the last half of 2008.
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.
More by Gregory Gondwe
More...ABOUT THE AUTHOR
Gregory Gondwe is a Malawian journalist who has bagged close to fifteen years of working experience who started writing in 1993. He is currently regional editor and bureau chief for Zodiak Broadcasting Station (ZBS). Gregory is also a media consultant assisting several international journalists pursuing assignments in Malawi. He holds a Diploma of Journalism and an Intermediate Certificate in Journalism among other media-related certificates. He can be contacted on
gregorygondwe@gmail.com.
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