In a ground breaking move for Malawi’s growing business ecosystem, six recent graduates have come together to establish a financial consultancy firm aimed at supporting both individuals and small-scale businesses in the country.
The consultancy, named DEM CPS Financial Consultancy was founded by a diverse group of university graduates from Malawi College of Accountancy.
The six founders decided to pursue their shared vision after noticing a gap in financial literacy and consultancy firms in the country.
They identified that many Malawians, particularly small-scale business owners and young entrepreneurs, struggle to manage their finances effectively, leading to unnecessary debt and stunted growth.
By leveraging their academic knowledge and practical experience, they aim to bridge this gap.
“Our mission is to empower clients with personalised, transparent and expert financial guidance, enabling them to make informed decisions that drive long-term financial success,” said Precious Lunguzi one of the co-founders
“By integrating cutting-edge technology, ethical investment strategies and comprehensive planning services, the company ensures that clients unique goals and values are at the forefront helping them navigate complex financial landscapes with confidence,” he added.
The services offered by DEM CPS Financial Consultancy include Tax Advisory Services, Preparation of Accounts, Preparation of Loans, Teaching Accounting Software’s and Auditing and Stock Taking.
The launch of DEM CPS Financial Consultancy comes at a time when Malawi is seeking to strengthen its financial position.
The Malawian government has been encouraging innovation and supporting small-scale and medium enterprises (SMEs) to help grow the economy and reduce unemployment.
The founders have big dreams for the future. They plan to expand their services to other parts of the country and beyond Malawi’s borders into neighbouring countries.
Their ultimate goal is to establish the company as a leading comprehensive tech-driven financial consulting firm, expanding both nationally and internationally.
As the consultancy continues to grow, their focus will remain on providing personalised, proactive guidance to clients at every stage of their financial journey.
Their services will include more specialised areas such as sustainable investing and business consulting, ensuring they remain adaptable to emerging financial trends and client needs.
