How has Malawi’s disputed elections impacted the economy?
Since April the Malawi Stock Exchange's MASI and DSI have seen and uptick to discuss the drivers, CNBC Africa is joined by Noel Kadzakumanja, Chief Executive Officer at Stockbrokers Malawi.
Tue, 09 Jul 2019 10:51:22 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Political tensions following the disputed election have contributed to a slowdown in market performance.
- Despite recent declines, positive factors like a good harvest and projected economic growth offer potential for a rebound in the stock market.
- Investors are advised to maintain a diversified portfolio and consider potential IPO opportunities in the telecommunication and banking sectors.
Since April, the Malawi stock exchange has seen fluctuations in business, particularly in the MASI and DSI indices. To delve deeper into the drivers behind these changes, CNBC Africa spoke with Noel Kadzakumanja, the Chief Executive Officer at Stockbrokers Malawi. The conversation revolved around how the country's post-election politics have impacted the economy and the stock market in particular. Despite the political turmoil surrounding the disputed election of President Peter Mutharika, Kadzakumanja remains cautiously optimistic about the economic outlook of the nation. He highlighted that while there have been recent declines in market performance, the long-term prospects are still favorable given the positive factors like a good harvest and projected economic growth. Moving forward, Kadzakumanja suggested that diversification and a balanced portfolio approach are crucial for investors looking to navigate the current uncertainties in the market. He also hinted at potential initial public offerings (IPOs) in the telecommunication and banking sectors, signaling opportunities for investors looking to capitalize on future growth prospects.