PressCane Limited, says it is contemplating on the potential of listing to join the 16 counter Malawi Stock Exchange (MSE).

Speaking in an interview, PressCane’s Chief Executive Officer, Bryson Mkhomaanthu revealed that discussions among shareholders are underway, with plans to disclose specific dates in the near future.

"As PressCane, we are exploring, our shareholders are discussing, and I think very soon we should be able to disclose the dates," he stated optimistically.

As a subsidiary of Press Corporation Limited, PressCane Limited has been a key player in Malawi's industrial landscape since its inception in June 2004.

Specializing in the production of fuel ethanol and industrial alcohol, PressCane Limited's potential listing is anticipated to further invigorate the MSE.

John Robson Kamanga, CEO of the Malawi Stock Exchange, provided insights into the exchange's performance amidst external economic challenges.

Despite these challenges, Kamanga highlighted the MSE's resilience and attractiveness to investors, citing impressive returns in recent years.

"The 16-counter [Malawi Stock Exchange] is performing well despite external shocks affecting the overall economy," Kamanga stated.

"In 2023, it was one of the best-performing stock markets, registering in excess of about 80%, which attracted investors."

Kamanga affirmed the MSE's commitment to welcoming new players like PressCane, aiming to meet increasing investor demand and further enhance the exchange's stature within the regional investment landscape.