Chibisa House

19 Glyn Jones Road

PO Box 501

Blantyre, Malawi

+265-1-831 902

Company Profile


To create value for stakeholders.


To be the preferred financial services provider.


Excellence, Integrity, Collaboration, Professionalism, Transparency.


The NICO Group offers comprehensive financial solutions for a range of challenges for the public and private sectors as well as individuals from all walks of life. As the biggest financial services Group in terms of diversity of products and services offered by our companies, NICO provides tailor-made, innovative solutions which are packaged to deliver value and convenience to our clients.  We offer financial solutions in general insurance, life insurance, pension administration, asset management and investment, banking. We further offer expertise service in property development and management and technologies.   

Each of our subsidiary company is an autonomous operating entity with an independent board of directors and run by a dynamic 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 centers of the country. Our subsidiary companies are:

NICO General Insurance Company Ltd
NICO Life Insurance Company Ltd
NICO Insurance (Zambia)
NICO Technologies Ltd
NBS Bank plc
NICO Asset Managers
NICO Pension
Eris Properties Mw Limited

We further have investments in other countries within the SADC region through:

Sanlam General Insurance (Uganda)
SanlamSeguro de Vida Mozambique

Our corporate strategy remains to expand representation and operation in the COMESA region through mergers, partnerships and investments in various businessesin Africa with renowned organizations to offer technical and professional support.

We were the first company to list on the Malawi Stock Exchange in 1996.

Our Companies

NICO General
NICO Technologies
NICO Asset Managers
NICO Zambia
NBS Bank
NICO Pension
All Rights Reserved © 2021 NICO Holdings PLC.
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