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Malawi Stock Exchange
The Malawi Stock Exchange (the MSE) is a stock market, with three licensed brokers is based in Blantyre, Malawi. Overview The Malawi Stock Exchange was inaugurated in March 1995 and opened for business for the first time on 11 November 1996, under the aegis of the Reserve Bank of Malawi, with 2,300 Malawian citizens buying shares in the first company to be listed – Malawi's largest insurance firm, the National Insurance Company. International Finance Corporation, a 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. The exchange operates in terms of the Capital Markets Development Act of 1990 and the Capital Market Development Regulations of 1992. It has a supervisory committee which comprises representatives ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MALAWI STOCK EXCHANGE LOGO
Malawi (; or aláwi Tumbuka: ''Malaŵi''), officially the Republic of Malawi, is a landlocked country in Southeastern Africa that was formerly known as Nyasaland. It is bordered by Zambia to the west, Tanzania to the north and northeast, and Mozambique to the east, south and southwest. Malawi spans over and has an estimated population of 19,431,566 (as of January 2021). Malawi's capital (and largest city) is Lilongwe. Its second-largest is Blantyre, its third-largest is Mzuzu and its fourth-largest is its former capital, Zomba. The name ''Malawi'' comes from the Maravi, an old name for the Chewa people who inhabit the area. The country is nicknamed "The Warm Heart of Africa" because of the friendliness of its people. The part of Africa now known as Malawi was settled around the 10th century by migrating Bantu groups . Centuries later, in 1891, the area was colonised by the British and became a protectorate of the United Kingdom known as Nyasaland. In 1953, it becam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Merchant Bank
First Capital Bank Malawi Plc, formerly known as First Merchant Bank Plc, is a commercial bank in Malawi. It is licensed by the Reserve Bank of Malawi, the central bank and national banking regulator. It is a subsidiary of FMB Capital Holdings. Location First Capital Bank Malawi maintains its headquarters, and main branch in Livingstone Towers, along Glyn Jones Road, in the city of Blantyre, the financial capital of Malawi. The geographical coordinates of the bank's headquarters are: 15°47'08.0"S, 35°00'25.0"E (Latitude:-15.785556; Longitude:35.006944). Overview The First Capital Bank of Malawi is a medium-sized financial services provider in Malawi. It offers retail banking services to individuals and corporate clients. As of December 2018, the bank's total asset base was valued at MWK:439.341 billion (US$610 million), with shareholders' equity of MWK:47.43 billion (US$66 million). History First Capital Bank was founded as First Merchant Bank in 1995 by Hitesh Anadkat an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Press Corporation Limited
Press Corporation Limited, also Press Corporation Plc, is a business conglomerate, partly owned by ''Press Trust'', a sovereign trust fund, of the government of Malawi, that is outside of the direct control of the Malawian government. Press Corporation Limited is the largest conglomerate in Malawi, and has ownership in 15 companies in Malawi, including 8 subsidiaries, 4 joint ventures and one associate company. Location The headquarters of the company are located on the 3rd Floor, Press Corporation Limited House, Kaohsiung Road, Blantyre, Malawi. The geographical coordinates of Press Corporation's headquarters are:15°47'33.0"S, 35°00'34.0"E (Latitude:-15.792500; Longitude:35.009444). Overview Press Corporation Limited is a business conglomerate that serves as a holding company to fifteen Malawian businesses. It is the largest business conglomerate in the country. As of 31 December 2018, Press Corporation Limited had MWK:271,162,000,000 (US$376 million) worth of assets unde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Old Mutual
Old Mutual Limited is a pan-African investment, savings, insurance, and banking group. It is listed on the Johannesburg Stock Exchange, the Zimbabwe Stock Exchange, the Namibian Stock Exchange and the Botswana Stock Exchange. It was founded in South Africa by John Fairbairn in 1845 and was demutualised and listed on the London Stock Exchange and other stock exchanges in 1999. It introduced a new strategy, called 'managed separation', that entailed the separation of its four businesses – Old Mutual Emerging Markets, Nedbank, UK-based Old Mutual Wealth and Boston-based Old Mutual Asset Management (OMAM) – into standalone entities in 2018. This led to the demerger of Quilter plc (formerly 'Old Mutual Wealth') and the unbundling of its shareholding in Nedbank. The business, which is now largely based in South Africa, provides sponsorship and supports bursaries at South African universities. History The company was founded in 1845 as a mutual insurance company by John Fairbai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investments
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effect o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgages
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is " secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or " repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word ''mortgage'' is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NICO Holdings
NICO Holdings plc is a diversified financial services group and is listed on the Malawi Stock Exchange. Overview NICO Holdings' headquarters are in Blantyre, Malawi, with operating presence in six African countries i.e. Malawi, Zambia, Tanzania, Uganda, Mozambique and Zimbabwe. The group offers a wide range of financial products and services which include: asset management, life assurance, retirement planning, general insurance, health insurance, banking, information technology and property management. NICO Holdings was founded in 1971 as a short-term insurance company called National Insurance Company Limited. NICO became the first company to be listed on the Malawi Stock Exchange in 1996. Since then, the group has listed two of its subsidiaries on the stock market i.e. NBS Bank Plc in 2007 and ICON Properties Plc in 2019. Member companies The companies that compose the NICO Holdings are organised into five divisions and include, but are not limited, to the following: Insu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NBS Bank
NBS Bank Limited, commonly referred to as NBS Bank, is a commercial bank in Malawi. It is licensed as a commercial bank, by the Reserve Bank of Malawi, central bank and national banking regulator. Location The head office and man branch of NBS Bank are located in NBS House, at the corner of Chipembere Highway and Johnstone Road, in the city of Blantyre, the financial capital of Malawi. This location is often referred to as ''Ginnery Corner'', in the neighborhood known as ''Chichiri, Blantyre''. The geographical coordinates of this bank's headquarters are: 15°48'02.0"S, 35°01'20.0"E (Latitude:-15.800556; Longitude:35.022222). Overview NBS Bank is a midsized retail bank in Malawi. , the bank's asset base was valued at MWK:123.1 billion (US$170 million), with shareholders' equity of MWK:11.5 billion (approximately US$16 million). History In 1964, ''Central Africa Building Society'', ''Commonwealth Century Building Society'' and ''First Permanent Building Society'' merged to for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank Of Malawi
National Bank of Malawi (NBM), is a commercial bank in Malawi. The bank is one of the commercial banks licensed by the Reserve Bank of Malawi, the central bank and national banking regulator. Location The headquarters and main office of the National Bank of Malawi are located in Business Centre & Office Complex, at 7 Henderson Street, in the city of Blantyre, the largest city and financial capital of Malawi. The geographical coordinates of the headquarters of this bank are: 15°47'15.0"S, 35°00'13.0"E (Latitude:-15.787500; Longitude:35.003611). Overview NBM is a large financial services institution, serving the banking needs of the people and businesses in Malawi. , the bank's total assets were valued at MWK:417.33 billion (approximately US$579 million), with shareholders' equity of MWK:88.4 billion (approximately US$123 million). National Bank of Malawi maintains four subsidiary companies, two of which are wholly owned: # NBM Capital Markets Limited - 100% shareholding # NBM P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sugar
Sugar is the generic name for sweet-tasting, soluble carbohydrates, many of which are used in food. Simple sugars, also called monosaccharides, include glucose, fructose, and galactose. Compound sugars, also called disaccharides or double sugars, are molecules made of two bonded monosaccharides; common examples are sucrose (glucose + fructose), lactose (glucose + galactose), and maltose (two molecules of glucose). White sugar is a refined form of sucrose. In the body, compound sugars are hydrolysed into simple sugars. Longer chains of monosaccharides (>2) are not regarded as sugars, and are called oligosaccharides or polysaccharides. Starch is a glucose polymer found in plants, the most abundant source of energy in human food. Some other chemical substances, such as glycerol and sugar alcohols, may have a sweet taste, but are not classified as sugar. Sugars are found in the tissues of most plants. Honey and fruits are abundant natural sources of simple sugars. Suc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Illovo Sugar
Illovo Sugar Africa (Pty) Ltd based in uMhlanga, KwaZulu-Natal, South Africa is Africa's largest sugar producer. The group produces raw and refined sugar for local, regional African, European Union (EU), United States and world markets from sugar cane supplied by its own agricultural operations and independent growers who supply cane to Illovo's factories. It is a subsidiary of Associated British Foods Plc., which purchased 51% of the issued share capital which for more than £400m in 2006. In 2016 ABF bought the remaining 49% of the share capital. Illovo employs more than 12,000 permanent staff and 18,000 more on a temporary basis. Illovo Sugar's subsidiary Zambia Sugar is listed on the Lusaka Stock Exchange, under the symbol ZSUG. In addition, its Malawian subsidiary Illovo Sugar Malawi is listed on the Malawi Stock Exchange, under the symbol ILLOVO. Subsidiaries Subsidiaries of Illovo include: *Illovo Sugar South Africa based in Durban, South Africa *Illovo Sugar Malawi bas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
