Minority Shareholders Association of Listed Companies (MISALICO) has expressed concern over low participation of young people on the Malawi Stock Exchange.

The association’s Executive Secretary, Frank Harawa, attributed the trend to lack of knowledge among young people and the general public about the benefits of buying shares and the procedures involved.

Harawa made the remarks during a press briefing ahead of a Stock Market Awareness and Investment Summit, scheduled to take place at the University of Malawi (UNIMA) in Zomba this Saturday.

He added that investing in shares at a young age can help youths gain ownership in companies listed on the Malawi Stock Exchange, which could contribute to wealth creation in the future.

“Soon large-scale mining companies will be listing on the Malawi Stock Exchange and we want Malawians to have ownership in large scale mines by buying shares,” Harawa said.

In her remarks, Tingi Wankhama, fifth year Actuarial Sciences student at Unima, encouraged young people to attend the meeting in large numbers to learn more and take advantage of the opportunity to start investing in shares, enabling them to benefit from the stock market.