One of the country’s conglomerates, NICO Group, commemorated its Golden Jubilee by organising a golf tournament at Limbe Country Club in Blantyre over the weekend. The tournament, dubbed ‘The ONE Executive Golf Challenge,’ saw top managers of the group’s subsidiaries go head-to-head on the golf course while interacting with customers. NICO Group Managing Director Vizenge Kumwenda said they...

In its endeavor to continue providing relevant, affordable and innovative financial solutions to its customers, NICO Group has incorporated NICO Pension and NICO Capital into its stand-alone subsidiaries. NICO Pension is to be delinked from NICO Life while NICO Capital has been hived off from Asset Managers to focus on capital raising initiatives for clients as well as for the Group. This is for...

NICO Pensions has relaunched the Ufulu Unrestricted Fund, for individuals, the self-employed and employer sponsored members. The fund is designed to provide an avenue for investment of pension funds to provide income in retirement.  The fund is available where one has left employment and would like to preserve their benefits away from their employer’s restricted pension fund. It also...