NICO Pensions General Manager, Gerald Chima and Polytechnic Acting Principal, Associate Professor Nancy Chitera.

NICO Pensions has donated K4million to the University of Malawi – The Polytechnic to be used for the purchase of laptops for needy students at the institution.

This follows a similar donation to Malawi University of Science and Technologies made in March.

The donation further emphasizes NICO’s commitment to serving in the education sector.

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 provides an alternative for trustees of a restricted pension fund who want to encourage former employees to transfer out of the fund.  Employees may also wish to exercise their choice to place their benefits away from the employers’ restricted fund.  

NICO Pensions has donated K3 million to the Malawi University of Science and Technologies (MUST) in support of their ‘A gadget for a needy student’ initiative.

The initiative will see students receiving laptops and tablets, enabling them to complete school assignments easier.

The donation cements the cordial relationship that NICO has with MUST for years.

NICO Life and NICO Pension jointly donated K2 million to assist Development Aid for People to People (DAPP) Malawi in support of the organisation’s COVID-19 activities in Machinga communities where it is carrying out a nutrition programme for Under-5 children.

NICO Life and NICO Pensions have donated personal protective equipment (PPEs), worth K6m to University of Malawi (UNIMA) as the constituent colleges prepare for resumption of physical academic classes.