FDH Financial Holdings Limited has unveiled plans to list FDH Bank, on the 14-counter Malawi Stock Exchange (MSE) by mid-year, next year. The firm’s group chief executive officer Thom Mpinganjira hailed the development as an investment opportunity for Malawians to own FDH Bank.

According to Mpinganjira, the development would have happened in 2018. “We preserved 2019 to observe where we stand because when we were about to do that, we found worse things. We had to write off bad loans in our books after combining with FDH Bank.” Mpinganjira explained that at the time, it was thought that the bad loans were estimated to be at K20 billion, but were at K40 billion.

A few days ago, Malawi Stock Exchange (MSE) Chief Executive Officer, John Kamanga, announced that the local bourse is expectant of more listings as an unnamed telecommunications company applied to join the fray. By the time Icon Properties was listed on the Malawi Stock Exchange (MSE) in January this year, it had been a decade without any listing.