Written on May 25, 2023
NICO Supports efforts for national development

NICO Group which includes, NBS Bank and Eris Properties, has Sponsored MK15 million towards the first Malawi Investment Forum.

The Forum, which is being hosted by the Ministry of Trade through the Malawi Consulate General, will be held from 24th – 25th May 2023 at Emperor’s Palace in South Africa.

Speaking on behalf of the Group when announcing the sponsorship, NBS Bank Chief Executive Officer, Kwanele Ngwenya, said this is an opportunity to hold hands to foster economic growth for the country.

“As key players in the financial sector in Malawi ourselves, it is imperative that we support initiatives that create opportunities for growth and investment. We believe that this investment forum is the beginning of more and better investment opportunities for Malawi”, Ngwenya said.

He added that the Group is a key contributor to national development and an advocate for economic growth and that this sponsorship is a further indication of the Group’s commitment towards that drive.

“As the world continues to shift fundamentally, economies and companies need to make that shift too. We all need to take that step towards a more developed and independent Malawi. As NICO Group, we believe that initiatives like this forum will contribute towards positive conversations that will see Malawi achieve its Vision 2063”, he added.

The First Malawi Investment Forum is being held under the theme A Prosperous Malawi through Strategic Investment Partnerships.

The two-day forum will target the Energy, Mining, Agriculture, Tourism, Health and Education, Financial Services and ICT Sectors

The NICO Group remains committed to partnering and growing partnerships with institutions that contribute to the growth of Malawi.

Related Articles

NICO General opens Chichiri Shopping Centre Service Branch

NICO General has opened its first fully digital office and Service Centre at Chichiri Shopping Centre. The new branch, which extends NICO General’s self-managed centres to 5, was opened on Friday, 19 May 2023, with the message of encouraging shoppers to insure while...

NICO Sponsors ICTAM Expo

NICO Group which includes, NBS Bank and Eris Properties, has Sponsored the 2023 ICT Expo with K7 million. The Expo which is being hosted by the ICT Association of Malawi (ICTAM) will be held from 17 – 19 May 2023 in Lilongwe. NBS Bank Head of ICT, Chinga Chaguluka,...

NICO Asset Managers sponsors Chessam Schools League

NICO Asset Managers have sponsored the Chess Association of Malawi’s (Chessam) National Schools Chess League with K8,898,000. The sponsorship has been made to show students and their patrons the importance of planning ahead from a young age. NICO Asset Managers Chief...

NICO Life launches Zonse Savings Product

NICO Life has introduced a new savings product that comes with life cover embedded. A first of its kind on the market, the new product dubbed “Zonse Savings”, has no underwriting requirement, providing customers with the mechanism to save for a future event while...