Government has praised Alliance Capital Limited for innovations that have led to capital market development in the country.
Ministry of Finance, and Economic Planning director of debt and aid Peter Simbani made the sentiments on Friday at Alliance Capital Limited’s 10 years celebrations in Blantyre.
He said: “Young companies are very crucial in influencing better behaviour in every industry.”
Alliance Capital Limited chief executive officer Christian Majavina said the company wants to establish itself as the company of choice for Malawians.
“We are advancing. We started with two products—investments and money markets—but now we have added pension fund management and corporate financing and we are planning to introduce two more products next year.”