Malawi Brokers

Malawi Stock Brokers

Post was last updated: January 20, 2024

Malawi BrokersHello everyone, on this page we have a list of Malawi Stockbrokers and a list of corporate advisors and we also have some members that are official affiliates with the Malawi Stock Exchange which are called Members, and Non-members which are just brokers that are not members of the MSE. You are free to choose which broker you would want to work with to manage your investments.

When choosing a broker, it is important to consider your individual needs and preferences. Some factors to consider include the broker’s fees, services offered, and experience. You should also be comfortable with the broker’s investment philosophy and risk tolerance.

You should also check out our guide on how to invest on the Malawi Stock Exchange.

You can contact us if you want us to add a new stock broker or update some details on the ones we have, don’t hesitate to talk to us.

List of Brokers on Malawi Stock Exchange

Stockbrokers Malawi Limited

Sml Logo

Stockbrokers Malawi Ltd is the first ever stockbroking company in Malawi, set up in 1994. This firm played a key role in starting the Malawi Stock Exchange and has had a hand in most of the listings on the Malawi Stock Exchange.

The company, known as SML, is officially registered as a Stockbroker according to the Securities Act of 2010. Its main job is to serve as an agent for its customers who want to put their money in the financial and securities market.

Cedar Capital Limited


Cedar Capital Logo

Cedar Capital Ltd came into being when African Alliance pulled out from Malawi. The firm is run by Armstrong Kamphoni, an experienced investment banker and stockbroker in the Malawi financial market. He is backed by a skilled team familiar with global standards in stockbroking.

The board of Cedar Capital makes sure they follow the best international practices. The directors are a diverse bunch, coming from inside Malawi and surrounding areas.

Continental Capital Limited

Continental Capital Logo

Continental Capital Limited, also known as “CCL”, is entirely owned by Continental Holdings Limited. The company was set up in March 2008. The Reserve Bank of Malawi has given Continental Capital the go-ahead to act as a stockbroker, deal in the money market, and also provide financial advice.

They got this license under the Capital Market Development Act.

Old Mutual Investment Group

Old Mutual Malawi

Old Mutual is a global financial group listed on stock exchanges in multiple countries including London, South Africa, Malawi, Namibia, and Zimbabwe. Known for its integrity and financial strength, it focuses on profitable wealth creation and protection.

Its Malawi branch, Old Mutual (Malawi) Limited, offers services such as life insurance, asset management, and pension services, among others. It has been serving in Malawi since 1954.

NBM Capital Markets Limited

National Bank Capital Logo

NBM Capital, fully owned by National Bank of Malawi, is a regulated investment management company supervised by the Reserve Bank of Malawi.

It provides a range of services including fund management, cash and wealth management, corporate finance and financial advice, trustees training, and shares trading brokerage.

NICO Asset Managers Limited

Nico Asset Managers Twitter Logo

NICO Asset Managers Limited is a firm that focuses on investment management. They started their operations on January 1, 2009, and are officially registered with the registrar of companies under the certificate number 8854 and with the Malawi Stock Exchange as a corporate advisor.

The Reserve Bank of Malawi has granted them a license to work as a portfolio manager and transfer secretary. They have a team of 12 securities representatives, all licensed by the Reserve Bank of Malawi.

    Wisdom Mayuni