Malawi’s insurance giant Nico Holdings is grooming a successor of its long time group chief executive Felix Mlusu. A special and strategic position of deputy group CEO has been created for former finance director Vizenge Kumwenda. Nico Holdings acquired SFG Insurance Company (Zimbabwe) and its other subsidiaries are Nico Life, NBS Bank, Nico Technologies, Nico […]
The Malawi Stock Exchange on Monday listed new shares for NBS Bank that were brought on the market under a share rights issues. The bank belongs to Nico Holdings Limited but they had to bring in strategic partners, International Finance Corporation a member of theWorld Bank group. As it is, Nico Holdings now has 50.1 […]
A former employee of insurance company Nico Holdings Limited, Patrick Mlangali, who is suffering from life threatening cancer disease, is at risk of losing his life after missing two crucial treatment because of a court order, it has been reported. Nico applied to the High Court for an order staying the execution of an Industrial […]
By Nyasa Times Reporter NBS Bank, Malawi’s third largest bank, will get up to $10 million investment in equity from International Finance Corporation (IFC) Capitalization Fund and Africa Capitalization Fund in terms of loans and deposits, to support its capital base and help it increase lending to small and medium enterprises, including those in the […]