During a debt market symposium organized by the Malawi Stock Exchange in Blantyre small scale local business operators complained that the listing requirements are too selective, while on the other hand, they felt that they are not accommodated to raise funds from the market.
Indigenous Business Association of Malawi president, Mike Mlombwa outlined that having visited the RBM governor and the MSE chief executive officer, it became apparent that ther local bourse allows funds mostly for foreign-owned companies than locals.
On the other hand, Bridgepath Capital Chief Executive Officer, Emmanuel Chokani, local companies should engage consultants who would help bring them to a level where they meet all the necessary requirements and fit for listing or issuing of debt instruments but the main problem is that they do not comply with all the requirements.
Months ago, Minority shareholders of companies that are enlisted on MSE have observed that share prices have been falling, therefore negatively affecting the shareholders dividends. Minority Shareholders Association of Malawi secretary general Frank Harawa told The Nation newspaper that the local bourse is becoming less appealing to be considered as an investment avenue.