Chibisa House

19 Glyn Jones Road

PO Box 501

Blantyre, Malawi

+265-1-831 902

Investment Portfolio

We are involved in the hospitality industry and real estate industry as part of our portfolio investments through our subsidiaries and associate companies.

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Information Technology

Incorporated in January 2002 as a subsidiary of NICO Holdings Limited, NICO Technologies Limited a Malawian company has the following operating division; software solutions and web solutions, system and communications solutions, card technology solutions, and surveillance system.


Our banking business is operated through NBS Bank a commercial bank in Malawi. Offering a wide range of products, NBS Bank has service centers across Malawi. Open an account with NBS Bank and experience true banking in deposit products, credit facilities, Visa Credit and Debit card, Trade Finance, Foreign Exchange products, women business banking programmes and many other value added services. With 50.1 % shareholding in the bank, we aim to ‘take the bank to the people’ everywhere.

Asset Management

Through NICO Asset Managers Limited in Malawi we offer a premier range of investment management services and products to institutional and individual investors. Our Asset Management is registered with Reserve Bank of Malawi as Portfolio/ Investment Manager PM005/10 and is 100% owned by NICO Holdings Limited.

Life Insurance

Our Life Insurance offers a wide range of traditional and non- traditional innovative life products operating through our companies in Malawi NICO Life Insurance Limited and our investment in Mozambique Sanlam Seguros (Mozambique). The product range covers a whole spectrum of individual and group business.  

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General Insurance

Security and peace of mind of our clients is our top priority. We provide a reliable and flexible claims service that is second to none on the insurance market operating through our insurance companies in Malawi - NICO General Insurance Company Limited, Zambia – NICO Insurance Zambia Limited, and through our investments in Uganda – Sanlam General Insurance (Uganda) Limited and Tanzania – Sanlam General Insurance (Tanzania) Limited. 

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Our Companies

NICO General
NICO Technologies
NICO Asset Managers
NICO Zambia
NBS Bank
NICO Pension
All Rights Reserved © 2021 NICO Holdings PLC.
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