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The Malawi Stock exchange (MSE), has been in existence since 1994 but started equity trading in November 1996 when it first listed National Insurance Company Limited (NICO). Prior to the listing of the first company, the major activities that were being undertaken were the provision of a facility for secondary market trading in Government of Malawi bonds namely, Treasury Bills and Local Registered Stocks.

International Finance Corporation, the World Bank affiliate, and the Financierings Maatschappij Ontwikkelingslanden, a Dutch development bank with close ties to the Dutch Ministry for Development Co-operation, provided 40% of the $500,000 required for establishing the stock market in Blantyre, and the European Union sponsored seminars and publicity campaigns.

Stocks and Bonds are traded on MSE.


Website: www.mse.co.mw

Market Regulator: Reserve Bank of Malawi

Founded: 1994

Currency: Malawian Kwacha (MWK)

Clearing and Settlement: T+5

Trading session hours: 9:00 - 15:00 (GMT+2)

Main Index: Malawi All Share Index


Tax Rates: 10.0% withholding tax on dividends, 30% on capital gains if shares owned for less than 12 months.


Member of:

  • African Securities Exchange Association (ASEA)
  • Committee of SADC Stock Exchanges (CoSSE)


Annual Reports:

2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 20132014, 2015,



Old Reserve Bank Building, Victoria Avenue, Private Bag 270, Blantyre - Malawi
Phone: (+265) 01 824 233
Fax: (+265) 01 823 636
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.


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