NICO Asset Managers has reaffirmed its commitment to youth development and education by contributing K24 million towards Chess Association of Malawi’s (CHESSAM) 2025 National Schools Chess League, This marks the third year of this initiative aimed at promoting chess among students across the country.
The sponsorship handover ceremony, held in Blantyre, brought together students, school patrons, chess officials, and representatives from NICO Asset Managers. The event celebrated chess as not only a game of strategy, but a tool for nurturing critical thinking, discipline, and leadership among Malawi’s youth.
Memory Chipembere, NICO Asset Managers, Head of Legal and Compliance and Company Secretary said the initiative reflects the company’s broader mission to invest in Malawi’s future through education and financial literacy.
“At NICO Asset Managers, we believe that investing in children today builds better leaders for tomorrow. Chess teaches focus, decision-making, and long-term thinking – skills that are just as vital in financial planning. Through this league, we aim not only to promote the game, but to introduce young minds to the importance of saving and investing,” Chipembere said.
She emphasized that the initiative also serves to spark an interest in financial literacy from a young age, helping learners understand the value of money and how it can be grown over time.
CHESSAM’s General Secretary, Gift Howahowa, expressed gratitude for the continued support from NICO Asset Managers, describing the partnership as a game-changer for the sport at grassroots level.
“This generous contribution from NICO Asset Managers is helping us reach more schools, train more young players, and inspire a new generation of strategic thinkers. Chess is not just a game; it’s a platform for developing mental discipline and excellence. We are thankful for NICO’s vision and commitment,” Howahowa said.
The National Schools Chess League, launched in 2023, has grown significantly in both participation and visibility. With this year’s funding, CHESSAM plans to expand the program to more districts and schools
NICO Asset Managers, a subsidiary of the NICO Group, is known for championing education, financial inclusion, and youth empowerment. The company’s motto, “Invest Today for Tomorrow,” underpins its involvement in initiatives like this league.