Malawian High Return On Equity, Low Debt

FMBcapital Holdings

Market Cap: MK 6.7t

Through its subsidiaries, provides corporate, investment, and retail banking products and services in Botswana, Malawi, Mozambique, Zambia, and Zimbabwe.

National Bank of Malawi

Market Cap: MK 5.3t

Provides retail, small and medium enterprise, corporate, and investment banking services in Malawi.

Standard Bank

Market Cap: MK 4.9t

Provides banking and other related services in Malawi.

Illovo Sugar (Malawi)

Market Cap: MK 2.1t

Engages in the manufacture and sale of sugar from sugar cane in Malawi.