MWK 199.50

Malawi Stock Exchange; Quote not intended for trading purposes

NICO Holdings Plc was the first company to be listed on the Malawi Stock Exchange in 1996. NICO has an interesting history, dating back to when it started its operations in 1971 as an insurance company called National Insurance Company. Since then, NICO has grown its business to a financial Group with subsidiaries in Malawi and Zambia; and investments in Mozambique and Uganda (through its associate, Sanlam). NICO’s core business is general insurance, life insurance, pension administration, banking, asset management and corporate finance. The Group’s success in the financial services industry led to investment in information technology and infrastructure development industries.

NICO has several other investments with  significant shareholding in companies including ICON Properties, Blantyre Hotels Plc, Chibuku, MTL, Standard Bank Plc and Mwaiwathu Hospital.


We understand that we earn the right to exist by providing appropriate long-term returns to our shareholders. We work to meet our various targets and deliver on our commitments.

As our existing and prospective shareholders are providers of capital to the business, it is our responsibility to provide them with reliable, relevant and timely information to help them make informed investment decisions. Our shareholder base is diverse, including individual and institutional shareholders, both locally and internationally.




Africap LLC (American)


Botswana Insurance Holdings Limited


NICO Company Employee Share Ownership Scheme (Malawian and Foreign)


General Public (Malawian and Foreign)