In a bid to helps upplement government efforts in the education sector, NICO General Insurance Company has donated assorted textbooks worth K13.7 million to three community day secondary schools (CDSS) in Lilongwe. The three schools –Nambuma CDSS, Mtemambalame CDSS and Chikhutu CDSS –have a combined pupil enrollment of 800. Making the donation, NICO General’s Chief […]
Officials at insurance company, National Insurance Company (Nico) say they are counting the cost of the fire which gutted most part of the third floor of the Nico House in Blantyre City on Friday. Fire fighters managed to put off the fierce fire on upmarket building in the heart of the commercial city, Blantyre. Nico […]
Blantyre City Council fire brigade were tackling a fire in Nico House in Blantyre City on Friday. The cause of the fire is not yet known but an employee of Nico says there’re renovations at NBS bank which is also housed in Nico House. The fire started from third floor. Everyone was evacuated from Nico House […]
Nico Life customers have all the reasons to smile as the company promises to bring on the market new products. Nico Life Chief Executive Officer, Eric Chapola, has said the new products will exceed customer expectations and engage in a process to add more value to its existing product portfolio. “I cannot divulge more information […]
Nico holdings limited plc has unveiled its ambitious plans that will see it constructing a five star Hotel in the country’s capital Lilongwe within the next twelve months. The managing director for the holding company Vizenge Kumwenda told journalists in Blantyre on the sidelines of the holdings extraordinary annual general meeting. Kumwenda said the project […]
Community Savings Investment Promotion (COMSIP) in partnership with NICO on Friday launched COMSIP Funeral scheme which is designed to cushion members from funeral expense shocks. The launch took place at Mpita COMSIP Cooperative in the area of Senior Group Village Headman Sankhanichigwedera, Traditional Authority (T/A) Njewa in Lilongwe after the official signing ceremony of the […]
Lilongwe based golfer Mike Kalulu earned himself the bragging rights, when he emerged champion for the Nico Life Insurance golf tournament held on Saturday, July 22, 2017 at the country’s premier golf course of Lilongwe Golf Club (LGC). Playing handicap (HCP) 18, the golfer came out top in a field of over 90 golfers from […]
Newly appointed Nico Life Chief Executive Officer Eric Chapola had a rude awakening on Sunday evening when he was slapped in full view of golfers by medical doctor Kondwani Chalulu on allegations that the insurance boss has been flirting with his wife. The incident happened during the prize presentation ceremony for the Sunbird Golf Tournament which […]
NBS Bank, a subsidiary of conglomerate Nico Holdings Limited is in trouble. The Bank will be laying off close to 300 employees between now and March 2017, Nyasa Times can reveal. Insiders said a culmination of bad debts which included one from its former Chairman retired Insurance guru Felix Mlusu of close to K200 million and […]
The advisory firm, Nico Assets Managers has said in its report that Malawi Kwacha has depreciated by 28.5 percent compared to a 14.5 annual depreciation rate recorded during the same period last year. And the local unit will continue to depreciate as the lean season advances, the report said and in view of excess demand […]
Mzuzu based golfer Gurtej Singh Nain had all reasons to walk tall in the corridors of Kasasa Club, having triumphed in the Nico General Golf tournament held at Kasasa Golf course over the weekend. The 14 handicap golfer from the northern city stood out in a field of 75 golfers from various golf clubs in […]
Airtel, the leading telecommunications service provider in Malawi and Nico Insurance firm, have signed a partnership agreement that will enable customers to access the cheaper services through ‘Three For Free’ Insurance which was launched on Tuesday, in Lilongwe. Speaking during the launch, Airtel Malawi Managing Director Heiko Schlittike mobile phone has become an essential commodity. He […]
Wananchi Group, the holding company for premier home entertainment provider Zuku TV, has completed its test phase in Malawi and confirmed it is set to fully launch its services as part of its strategy to grow its TV operations in Africa. The move, which is being set up at an initial cost of $10 million (K4 […]
Blantyre based golfer Paul Chidale had all the reasons to walk tall in the cane fields of Dwangwa as he scooped the top prize in the prestigious Nico General Golf tournament staged at Kasasa Club golf course in Dwangwa, Nkhotakota on Saturday, June 21, 2014. The Malawi number one golfer got 39 stable ford points […]
The Malawi financial market is rife with curiosity with prospects that Nico General’s partnership with an influential strategic investor is imminent. This follows a cautionary statement issued by Nico Holdings relating to a strategic partner in its general insurance business which is about to be completed. Nico General is a subsidiary of Nico Holdings, a […]
Investment management and advisory firm, Nico Asset Managers, says the Malawi kwacha is likely to start losing ground against foreign currencies after the end of the tobacco selling season. In its April 2013 Economic Report, Nico says the situation can only be saved if the country identifies additional sources of foreign exchange. “Sustainability of the […]
Nico General Insurance Company Limited is demanding a whopping K22 million from the once mighty Mulli Brothers Limited for failure to pay for insurance premiums. Meanwhile cheques that Mulli Brothers issued for Nico to cash have been bouncing at banks and this forced Nico to seek redress in the High Court of Malawi, Commercial Court […]
Malawi’s leading mobile phone giant Airtel and the country’s leading insurer Nico General on Thursday unveiled a new insurance policy for cell phones called Cellsure Insurance Policy. Unveiling Cellsure in Blantyre, Nico General Chief Executive Officer, Eric Chapola, said it is high time that people protect gadgets that have now become part and parcel of […]