The NICO Group, which includes NBS Bank and ERIS Properties, in partnership with World Vision Malawi and the Department of Disaster Management Affairs (DoDMA), has commenced the distribution of emergency maize to vulnerable households in Machinga District, reaffirming the Group’s commitment to standing with Malawians and supporting national response efforts during this lean season.
The NICO Group’s contribution forms part of the Group’s MK400 million pledge towards emergency food assistance, made to complement Government’s relief efforts and help protect households most at risk.
Through the partnership with World Vision Malawi, the initiative will support 6500 households, benefiting 22,000 people across the Traditional Authorities of Chamba, Ngulumia, Nyumwanyumwa, and Liwonde. Each household will receive a 50kg bag of maize, providing timely relief and helping families maintain dignity and stability as they navigate the current season.
Speaking during the distribution NICO Life Chief Operating Officer, Chimwemwe Kanyenda, said the support reflects the Group’s belief that business must be anchored in meaningful impact.
“We have supported this initiative because we believe that business success must be measured not only by financial performance, but by the stability and wellbeing of the communities we serve. When families are under pressure, the most responsible response is to step forward, quickly, practically, and with empathy,” said Kanyenda.
He added that the Group is prepared to assist Government and humanitarian bodies in ensuring that Malawians get the assistance that is needed.
“We also recognize that emergencies demand partnership. When Government, humanitarian organisations and the private sector work together, the response becomes stronger and more accountable. Our hope is that this intervention does not only provide short-term relief, but also reinforces a culture of shared responsibility and resilience that Malawi needs, now and in the future.”, added Kanyenda.
World Vision Malawi welcomed the collaboration, highlighting the importance of private sector leadership in strengthening community resilience.
Charles Chimombo, World Vision Malawi Director of Operations, said the partnership will deliver immediate relief while reinforcing a broader culture of shared responsibility.
“We commend the NICO Group for this timely and impactful support. Working together, we are reaching households that need help most, ensuring assistance is delivered with accountability and respect for community structures,” said Chimombo.
“This is what effective collaboration looks like; mobilizing resources quickly to protect lives and wellbeing.”
The NICO Group is Malawi’s leading diversified financial services group, with NICO Holdings Plc as the parent company. Its operating businesses include NICO Life Insurance Company Ltd, NICO General Insurance Company Ltd, NBS Bank Plc, NICO Pension Services Ltd, NICO Asset Managers Ltd, NICO Technologies Ltd, ERIS Properties Malawi Ltd, among others. The Group’s purpose is to protect livelihoods, enable growth, and build financial security for Malawians.