The Reserve Bank of Malawi (RBM) says the coming in of Bridgepath Capital Limited, a new investment management and financial advisory services firm, will benefit the economy and investors by providing capital and better returns.
RBM director of capital markets and microfinance Mark Lungu said this on Wednesday in Blantyre at the official launch of Bridgepath Capital Limited.
He said the firm has given investors a better avenue on how they can invest their funds.
Said Lungu: “Most of the times we keep our money in the commercial banks where the savings are sometimes negative in returns.
“But when you invest in capital markets through institutions such as Bridgepath, you expect to get something positive.”
He advised the firm to protect investors’ funds and follow the rules of the game.
“Our main concern as the central bank is that these portfolio managers are mandated to invest funds on behalf of the public and have to manage the risks so that the public does not lose their funds.
“Money is hardly earned in Malawi and if lost through an investor, it will be a major concern for us,” said Lungu.
On his part, Bridgepath board chairperson Charles Mpeni said the firm has come with innovative solutions and diverse skills from which the public can tap and benefit from.
“We are proud to start a journey that we had dreamt of a long time ago. This company comes at a time when growth of the economy is critical to achieve the aspirations of the people of Malawi,” he said.
On his part, Bridgepath Capital chief executive officer Emmanuel Chokani said the company comes with solutions that are unique and specialised for their clients.
“We have a very solid offering that is innovative and geared to ensure that we are protecting people’s funds and making the returns that are required,” he said.
Bridgepath Capital provides services to pension funds, large, medium and small enterprises and also supports individual customers.