The revelations comes after it was established that since 1996 when the Malawi Stock Exchange (MSE) was formed, only 14 companies have been listed with the last listing recorded in 2008.
The revelations were made when Standard Bank organised a symposium on Tuesday in Blantyre.
Malawi and Tanzania stock markets started in the same year but currently Tanzania has 118 government bonds and four corporate Bonds compared to Malawi`s three Government Bonds and No Corporate Bond at all on MSE.
According to the Deputy Reserve Bank Governor responsible for supervision Grant Kabango the situation is worrisome to government.
“Looking at number of government bonds currently listed on our stock exchange, we are lagging way behind on the global arena and that we have a lot of catching up to do,” said Kabango.
He, however, thanked different players who have been organising symposiums for different players to share business ideas.
“It is nonetheless comforting that to note that there has been a growing number of financial players over the past decades who have been offering new investment instruments which has been catalytic in offering liquidity,” added Kabango.
And on its Part the Malawi Stock exchange attributed the problem to the economic meltdown that hit the world recently.
According to MSE chief executive Officer Mr. John Robson Kamanga attributed the drought to the 2008-2012 financial crisis which through investors into a wait and see situation that brought along less internal investment from business players.
“We are still marketing the importance of investing to business captains and they are hopeful that the newly enacted pensions bill has brought with it an excess of K30 billion a development which is giving hope to most of the country`s investors,” said Kamanga.
And Standard Banks head of investment Banking Shakil Satar said as a bank they are proud to contribute to the development of the country’s financial growth.
“We organized this get together so that players and business captains can share ideas on capitalization and investment,” said Satar.
Apart from Standard Bank, Savjan and company, Nico assert managers contributed towards the cost of organisation of the symposium.
