Stockbrokers Malawi Ltd is the oldest stockbroking firm in Malawi. Established in 1994, the company was instrumental in the establishment of the Malawi Stock Exchange and has been involved in majority of listings on Malawi Stock Exchange

SML is a registered Stockbroker under the provisions of the Securities Act, 2010, and its main business is to offer an agent only broking service to its clients wishing to invest in the money and securities market.

Its current shareholding structure is as follows:

* National Bank of Malawi 75%

* Imara Capital Limited 25%.