During a Malawi Stock Exchange MSE virtual media roundtable meeting, MSE chief executive officer John Kamanga said the local bourse plans to extend an automated trading system through a mobile app.

The CEO hailed the initiative as a means of financial inclusion. Meanwhile, the local bourse has outlined that although the recent FDH Bank plc initial public offer was successful, the coronavirus pandemic has diluted capital- raising initiatives for some firms.

On the other hand, the app will also be faster for minority share price holders to be updated on various developments on the market. In April this year, Investors in the Minority Shareholders Association of Listed Companies (MSALC) have called out the Reserve Bank of Malawi (RBM) to relinquish ownership of the Malawi Stock Exchange (MSE) market, a move which the shareholders claim will result into better regulation of the local bourse. According to MSALC General Secretary Frank Harawa, the local stock market is self-regulated on paper, but it is under the Reserve Bank of Malawi which regulates the country’s financial sector.