Financial dealers to scrutinise markets

Post was last updated: October 11, 2019

The country’s financial market dealers meet in Mangochi this weekend to discuss and find possible solutions on how the financial market can innovate to leverage on and promote the export market.

The 2019 Financial Market Dealers Association (Fimda) conference comes at a time financial markets continue enjoying months of stability.

Fimda President, Patricia Hamisi, said the conference is guided by focus on export market and its trickledown effect on the economy at large.

The conference will be held under the theme ‘Navigating the Next Level for the Economy and Financial Markets’.

“Our market is young and continues to develop. As such, the conference will be focusing on how best the financial markets can explore and support the exports market in the development of financial products.

“The focus being exports as it is one of the challenges that our country is facing especially when you look at the recent declining foreign currency inflows as opposed to the ever growing import bill,” Hamisi said.

Finance Minister, Joseph Mwanamvekha, is expected to open the conference.

Other notable speakers include, Export Development Fund Executive Director, William Matambo, Standard Bank Malawi Head of Global Markets, McLewen Sikwese, Nico Asset Managers Chief Investment Officer, Daniel Dunga, and Reserve Bank of Malawi Market Analysis and Development Manager, Franklyn Khoza.

“We also have Manoj Dullabh from Refinitiv, formerly Thomson Reuters, who are providers of the trading platform used in our market and have been our partner for the conference for the past six years,” Hamisi said.

Fimda membership covers foreign exchange, money market and fixed income and capital market dealers.

“As such, delegates to this year’s conference include traders from banks, fund managers (pension and private), financial market brokers and any other non-bank financial institution.

“We are expecting about 100 participants at this year’s conference,” Hamisi said.

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