SML offers stockbroking services by buying and selling stocks on behalf of its clients.

SML has divided its clients into two for this purpose; Institutional and Retail clients.


SML is registered by the Reserve Bank of Malawi to invest in the Malawi Government and the Reserve Bank of Malawi bills on agent only basis. Tenors range from 63 days to 273 days. SML also discounts government instruments for clients wishing to withdraw part or all of their investment before maturity. This provides clients a seamless switchover from fixed income to equities or vice versa at the client’s instruction.


SML offers Sponsoring Broker Services to corporate clients looking to list on the Malawi Stock Exchange. The following are SML sponsoring broker credentials:

1996, NICO-first company to list on the Malawi Stock Exchange – privatisation;  1997, Blantyre Hotels Limited-offer for sale of shares; 1997, ILLOVO Sugar Malawi (formaly SUCOMA) – Privatisation; 1998, STANIBIC (Formerly Commercial Bank of Malawi) – Privatisation; 1998, Press Corporation Limited – privatisation; 1998, Packaging Industries Limited – Privatisation; 1999, Old Mutual Plc – demutualisation; 2000, National Bank of Malawi – privatisation; 2001, SUNBIRD Tourism – privatisation; 2002, ILLOVO Sugar Malawi – rights offers; 2004, National Investment Trust Limited-Privatisation; 2005, First Merchant Bank – capital raising; 2007, NBS Bank Limited – Privatisation; 2008 ,Press Corporation-Rights offer; 2008, REAL Insurance-Offer for Sale of shares; 2008, Telkom Networks Malawi; 2018, Listing of first private bond for New Finance Bank now known as MyBucks Limited; 2018, Old Mutual Managed Separation; 2020, Airtel Malawi Limited – offer for sale of shares.


Stockbrokers Malawi Limited has renowned research capabilities and the research team is supported by analysts from NBM Capital Markets and NBM Development Bank. Research reports are distributed to clients only.

Stockbrokers Malawi Limited also distributes informative and user friendly updates to clients that include Daily Stock news and company news.


Contact Us

We're here to answer any questions you might have. We look forward to hearing from you.

Telephone: + 265 (0) 1 822 803 /  + 265 (0) 1 836 213

Fax: + 265 (0)1 822 792

E-mail: sml@smlmw.com

Postal Address:
P.O. Box 31180
Blantyre 3