Written on March 15, 2019
REACHING OUT TO FLOOD VICTIMS

Kumwenda (left) handing over the 5 million cheque to His Worship Ndipo

Due to the recent floods in some parts of the Southern Malawi, NICO has reached out to assist the flood victims with food stuff. As a concerned and responsible corporate entity, NICO believes in making a positive difference to the community, not just in its business offering of financial products but also in situations like these.

Speaking during the handover ceremony of a cheque amounting to 5 million Kwacha to the Mayor of Blantyre City Councilor Wild Ndipo, the Group Managing Director Mr Vizenge Kumwenda said he was saddened and touched by the situation. “I was at home when I saw the news of the floods which damaged houses, fields and property,” he said. “I got in touch with my fellow NICO executives on this and we shared the same sentiments that NICO should help out. Coincidentally the same evening his Worship the Mayor Ndipo called me and asked if NICO could help as the council was overwhelmed with the number of affected victims,” he added.  Receiving the donation on Tuesday 12 March, the Mayor commended NICO for the quick response to their call. “We are grateful to NICO for the timely donation. This donation will go towards procuring of food stuff for the victims as most of them have nothing to eat among the other items needed,” Ndipo said.

Related Articles

NICO Asset Managers Internal Chess Competition

Plan. Focus. Win NICO Asset Managers (NAM) held a chess competition for its staff. The chess competition which targeted all NICO Asset Managers’ employees in Blantyre and Lilongwe is an inspiration from the company’s sponsorship of the National Schools Chess...

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...

Prepare for medical expenses

As you get older medical expenses tend to get higher. You may not feel the pinch now if your employer covers your medical bills or if you are covering the bills using proceeds from your various businesses. This pinch will be felt when sources of income are constrained...

Pay down debt

The saying goes, "Debt is the slavery of the free." as put by Publilius Syrus. Debt is the last thing you would want to accompany you to your retirement. Debt has proven to be the most detrimental aspect of many retirees’ lives. It has caused retirees to lose their...