ZAMBIAN WINS MALAWI OPEN FOR SECOND TIME - 19th October 2009

Zambian Edgar Kazembe won for the second time 2009 NICO Holdings Limited’s Malawi Open championship. He beat Malawian James Matewere to grab the championship. This was the second successive time for the two to meet in the finals of the same tourney played at Blantyre Sports Club. Kazembe was in control of the game that lasted for over an hour on October 18, 2009. He posted 6-3, 6-0, and 6-3 to defend the title.

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NICO HOLDINGS SPONSORS MALAWI OPEN CHAMPIONSHIP
(12/October/2009)

The Lawn Tennis Association of Malawi (LTAM) would have ended the 2009 season without a sponsored tournament but have NICO Holdings to thank after the company rescued them with a K1million sponsorship for the Malawi Open Championship.

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NICO HOLDINGS HEIGHTENS AIDS FIGHT - 21th July 2009

Financial service giant NICO Holdings Limited has taken its HIV and Aids fight to another level by launchung a workplace policy aimed at curbing the spread and mitigating the impact of the pandemic. NICO Holdings company secretary Betty Kacelenga said policy was developed in recognition of the seriousness and devastating impact the pandemic has had on the company employees. Kacelenga said the policy seeks to provide direction for informed decision making in the effort to counter the pandemic on NICO Holdings and its subsidiaries.

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NICO HOLDINGS LIMITED DONATES BOOKS TO NATIONAL LIBRARY - 10th July 2009

NICO Holdings Limited continues to fulfil its promise to play a role in education in Malawi. During a donation ceremony held at the NLS Blantyre Branch on the 10th of July 2009, NICO Holdings Limited donated secondary school text books to National Library Service (NLS). Linda Banda, Corporate Affairs Manager for the NICO Group said the company and its subsidiaries is committed to improving education standards in Malawi.

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BP and NICO Holdings empower local assemblies
(02/February/2009)

BP Malawi and NICO Holdings Company have jointly donated fire protective gear valued at 272,000 British Pounds (K59,296,000) to the Ministry of Local Government. The equipment includes crush helmets, flash hoods, nomex tunics, gloves, nomex leggings, officers and men's jackets, reflectors, gumboots, boot socks and other assorted items.

Presenting the kit in Blantyre on Friday, BP Chief Executive Abel Chanje said the two companies made the donation to demonstrate passion and commitment to safety. "BP and NICO share the same values with regard to safety, security and protection of people and environment. Hence the reason for the donation of PPE," Chanje said. Chanje said the equipment was sourced by a retired fire Advisor for BP, Richard Coates, who is now based in the United Kingdom. "Mr Coates also coordinated the shipment of the items to Malawi.

Bp and NICO Holdings paid for the shipment which cost about K1.7 million," he said. On his part, Managing Director of NICO Holdings Limited Felix Mlusu agreed with Chanje, saying the donation was made in recognition of the fact that expertise of fighting fire alone was incomplete and less effective in the absence of complementary equipment such as fire protective clothing. Reacting to the gesture, Minister of Local Government and Rural Development George Chaponda said it had embarked on continuous training so as to equip its personnel with necessary skills of fire fighting. He thanked the two companies.

"The donation of fire personal protective equipment made by BP and NICO is timely because of frequent fire accidents that have been destructive to lives as well as valuable property," Chaponda said. The items will be shared by Blantyre, Lilongwe, Zomba and Mzuzu city assemblies.

Courtesy of the Nation Newspaper

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NICO sees net profits jumping above K 2 Billion
(31/January/2009)

Financial services group NICO Holdings Limited says it expects its after-tax-profits for 2008 to climb above K2 billion triggered by improved business activity in the year.

NICO said in a trading update that unaudited figures indicate that its earnings will be 37 percent above the 2007 profits. "Based on the profitability estimate on the unaudited figures, the group's profit-after-tax for the year ended December 31, 2008 is expected to be over 37 percent higher than the profit achieved for the year ended December 31, 2007," reads the I statement signed by company secretary Betty Kacelenga.

The investment giant saw its gross revenues grow by 23 percent in 2007 from K9.2 billion to K11.2 billion, with profit before tax jumping 68 percent from K1billion to K1.7 billion buoyed by strong performances in insurance and banking businesses.


NICO Holdings limited is a financial services organisation involved in the business of general insurance, life insurance, pensions administration, banking, mortgage finance, lease finance and information systems. As part of its portfolio investment, the group is also involved in the hospitality industry, real estate holding and shopping centres through some of its subsidiary companies.

Each of the subsidiary companies is an autonomous operating entity with an independent board of directors and run by own management team professionally qualified to manage the particular line of business. Each company has a branch network for business generation and service delivery in the major centres of the country.

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