Malawi Stock Exchange (MSE) Chief Executive Officer, John Kamanga, revealed to The Daily Times that more firms will enlist on the local bourse in 2020.

Until Icon Properties had enlisted on MSE in January last year, MSE had not seen listings in a decade. Last summer, the stock market’s CEO confirmed of receiving an application from a telecommunications company which is interested in joining the fray. If it materialises, it would bring the number of telecommunications firms on the market to two after TNM which listed in 2008.

Months later, a notice dated 11 December 2019 confirmed that Airtel Malawi will list on the local stock market. On the other hand, during Press Corporation Limited Annual General Meeting in August last year, it was revealed that the conglomerate wants to place its subsidiaries on the Malawi Stock Exchange. According to PCL group Chief Executive Officer George Partridge, 4 subsidiaries are being planned to join the bourse; Malawi Telecommunications Limited, People’s Trading Centre (PTC), The Foods Company Limited, Press  Properties Limited (PPL) and Open Connect Limited (OCL) while nurturing profitable entities.