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.  

Lilongwe City Mayor, Julianna Kaduya, officially opening the home

Goodwill Funeral services, in partnership with NICO Life and Medical Aid Society of Malawi (MASM) has opened Goodwill Funeral Homes in Lilongwe.

This follows an already existing relationship between the three companies, whereby NICO Life is a funeral insurance provider, MASM a medical aid provider with Goodwill Funeral Services providing funeral services. 

Goodwill Funeral Services Managing Director, Anderson Green Mankhusu  said then newly opened funeral home,  with a fully equipped mortuary, gives NICO Life and MASM members confidence that in the three companies  they have trully committed partners in funeral management.

Director of Health and Social Services in Blantyre Dr Gift Kawalazira (second left), Group Managing Director Vizenge Kumwenda (centre), Eris Properties CEO Ellen Nyasulu (second right), NBS Bank Executive Shadrick Chikusilo (far right)

In a bid to support Government’s efforts toward Covid-19 response initiatives, the NICO Group has committed MK100 Million towards the fight against the pandemic.

This is in response to Government’s call for corporates to play a role in the fight against the pandemic.

The NICO Group of companies, which includes NBS Bank and Eris Properties, believes the donation is within its values of being a responsible and responsive corporate citizen. The funds will be deployed towards closing some of the gaps in the health sector that have been made apparent in the midst of the pandemic.

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.