Blantyre Hotels plc says its long-delayed Protea Hotel Lilongwe Ryalls development will open by the end of October, despite persistent foreign currency and diesel shortages that have hampered progress on the project throughout the construction period. Speaking at the company’s 79th annual general meeting in Blantyre, board chairperson Vizenge Kumwenda told shareholders the project was […]
As Malawi’s leading financial service providers, NICO Group is celebrating its 50th Anniversary, it has posted K18.596 billion after tax from K14.73 billion profit in 2019 — representing 26% growth for the year. The company has set aside K2.399 billion as dividends to be shared on its shareholders — from K1.982 billion in 2019 and […]
Malawi government has been advised that they should fast-track payments to businesses which area struggling amid the tough economic environment after the private sector companies have cried foul over government’s delays to pay them tax refunds which have now risen to K12 billion. In an extended coverage of their story, Malawi’s flagship daily newspaper, The […]
Nico Holdings plc managing director Vizenge Kumwenda and three other members of staff; Chifundo Chiundira, Germstone Konsekonse and Masugzo Hara, have been awarded for long service and exemplary dedication to the organization’s ideals in serving the public well. Kumwenda, who heads a Malawi Stock Exchange (MSE)-listed financial services firm that has interests in insurance, banking […]
NICO Group has posted K12.738 billion as total comprehensive income for the year ended 31 December, 2018, up from K12.195 in 2017 representing a 4.5 percent increase. This was announced by Group Chief Finance Officer Chifundo Chiundira at a stakeholders meeting held at Ryalls Hotel in Blantyre where he also indicated that the Group’s profit […]
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 […]
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 […]