More Malawians could soon gain the confidence to invest and grow their wealth as a financial literacy programme targeting clergy members seeks to unlock opportunities in the stock market and other investment avenues.
The initiative, organised by the Minority Shareholders Association of Listed Companies (MISALICO), has received K20 million support from National Bank of Malawi (NBM) plc ahead of the Clergy Financial Literacy Programme scheduled for Mzuzu this August.
The programme aims to equip clergy members with knowledge on equity investments, enabling them to guide their congregations and communities on making informed financial decisions.
Speaking during the symbolic cheque handover ceremony in Blantyre on Friday, NBM plc Head of Legal and Company Secretary Zunzo Mitole said investing remains a key way for people to preserve and grow their wealth.
“We believe investing is one of the most effective ways of preserving and growing wealth. One of the avenues for achieving this is through the stock market. We want more people to understand that investing in shares is possible and that it can bring long-term financial benefits,” said Mitole.
She said the bank’s support is aimed at encouraging more Malawians to understand investment opportunities and take steps towards securing their financial future.
Receiving the cheque on behalf of MISALICO, Secretary General Frank Harawa said the programme seeks to address gaps in understanding how the stock market works despite the existence of the Malawi Stock Exchange for many years.
“Although the Malawi Stock Exchange has been in existence for many years, we have realised that only a small proportion of Malawians understand how the stock market works. That is why we introduced these financial literacy programmes, to bridge this knowledge gap,” said Harawa.
He said clergy members were selected because of their influence in communities and their ability to spread financial knowledge among their followers.
MISALICO has previously implemented financial literacy programmes targeting young people and women in Zomba, Blantyre and Lilongwe.
The initiative, organised by the Minority Shareholders Association of Listed Companies (MISALICO), has received K20 million support from National Bank of Malawi (NBM) plc ahead of the Clergy Financial Literacy Programme scheduled for Mzuzu this August.
The programme aims to equip clergy members with knowledge on equity investments, enabling them to guide their congregations and communities on making informed financial decisions.
Speaking during the symbolic cheque handover ceremony in Blantyre on Friday, NBM plc Head of Legal and Company Secretary Zunzo Mitole said investing remains a key way for people to preserve and grow their wealth.
“We believe investing is one of the most effective ways of preserving and growing wealth. One of the avenues for achieving this is through the stock market. We want more people to understand that investing in shares is possible and that it can bring long-term financial benefits,” said Mitole.
She said the bank’s support is aimed at encouraging more Malawians to understand investment opportunities and take steps towards securing their financial future.
Receiving the cheque on behalf of MISALICO, Secretary General Frank Harawa said the programme seeks to address gaps in understanding how the stock market works despite the existence of the Malawi Stock Exchange for many years.
“Although the Malawi Stock Exchange has been in existence for many years, we have realised that only a small proportion of Malawians understand how the stock market works. That is why we introduced these financial literacy programmes, to bridge this knowledge gap,” said Harawa.
He said clergy members were selected because of their influence in communities and their ability to spread financial knowledge among their followers.
MISALICO has previously implemented financial literacy programmes targeting young people and women in Zomba, Blantyre and Lilongwe.
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