NICO Group has announced the sponsorship of MK10,000,000.00 towards the premiere of the Highbrow movie premier set for September 2021.
NICO Group Head of Marketing and Customer Experience, Lorraine Phiri, said the group is thrilled to witness the local film industry blossoming.
“This sponsorship is to support the entertainment industry and we believe that it is possible to create employment through creative jobs,” Phiri said.
NBS Bank plc has weathered the Covid-19 storm by reporting a 55 percent increase in half-year profit to K4.4 billion from K2.8 billion during the same period last year.NBS Bank plc has weathered the Covid-19 storm by reporting a 55 percent increase in half-year profit to K4.4 billion from K2.8 billion during the same period last year.
In a joint statement accompanying a summary of unaudited consolidated results for the six months ending June 30 2021, the Malawi Stock Exchange-listed bank said it navigated challenges presented by Covid-19 to deliver a robust financial performance through continuous focus and implementation of its five-year strategy aimed at accelerating digital transformation, building a strong balance sheet and enhancing efficiencies.
As part of the growth and diversification strategy, NICO Group has established a new company, NICO Capital Limited. NICO Capital is an investment and financial advisory company and has since been incorporated and licensed by the Reserve Bank of Malawi. The company, which becomes the group's ninth subsidiary, became operational on 1st July 2021 and is currently housed in NBS House along Victoria Avenue in Blantyre.
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 future growth going forward after 50 years of existence of providing general and life insurance, pension administration services, banking, asset and capital management and infrastructure development and property management services.
This was announced by NICO Group’s Board of Directors chairman, Gaffar Hassam during a virtual annual general meeting on Friday, which approved the Group’s 2020 financial report and dividend declaration for shareholders.
NICO Pensions General Manager, Gerald Chima (far left) and Dr Arox Kamng'ona (Far right) with the three beneficiaries in the middle
The NICO Group has donated laptops to female students at Kamuzu University of Health Sciences (KUHeS), formally known as College of Medicine, in a bid to assist the students with their online lessons.
This follows similar donations to Malawi University of Science and Technologies and Malawi University of Business and Applied Sciences, formally known as The Polytechnic, made earlier this year.
