Malawian to head Sadc Stock Exchanges

The committee of Sadc Stock Exchanges (CoSSE) has appointed Malawi Stock Exchange (MSE) chief executive officer John Kamanga as its interim chairperson.

 CoSSE secretariat said in a statement yesterday that Kamanga’s appointment was announced during a farewell meeting held on Wednesday following the resignation of Botswana Stock Exchange CEO Thapelo Tsheole.

 “Mr John Kamanga has been an integral part of the CoSSE and has demonstrated exceptional leadership qualities as vice chairperson of the organisation.

 “The committee is confident that Mr Kamanga will help facilitate a seamless transition of leadership from our esteemed chairman, Mr Thapelo Tsheole, who has been a driving force behind our organisation’s success,” reads the statement.

In light of the transition, the statement says the committee has decided to hold the next chairman’s elections in June, when it will hold its bi-annual meeting.

This, according to the statement, will give enough time to conduct a thorough election process and ensure that the individual chosen to lead the organisation has the requisite skills and vision to guide them towards continued success.

CoSSE operates in 13 Sadc countries and the committee members include Stock Exchange of Angola, Stock Exchange of Mozambique, Botswana Stock Exchange, Dar es Salaam Stock Exchange, eSwatini Stock Exchange and Financial Securities Exchange.

In an interview yesterday, Kamanga described his appointment as an honour not only to him but the country as a whole because it will put the country as well as the Malawi Stock Exchange on the map.

“I look forward to propel the agenda for Malawi with regards to the role of financial market industry… Currently we have 14 stock exchanges within Sadc and our aim is to have regional integration whereby an investor in Malawi can invest in Botswana and vice versa. So my appointment is, among others, to actually propel that agenda,” he said.