Company: NICO
Country: Malawi
Sector: Multi-Line Insurance
CEO: Not publicly listed
Website: Not publicly listed
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Blantyre, Malawi
Founded: 1971 (as National Insurance Company Limited)
Valuation/Revenue: $467.4m market value (African Business Top 250, 2025)
NICO Holdings plc is a diversified Malawian financial services group offering asset management, life assurance, general insurance, health insurance, banking, information technology and property management services, with operations spanning six African countries.
What Does NICO Do?
NICO Holdings operates through five main divisions covering insurance (life and general), banking, information technology, asset management and property. Originally established as an insurance company, it has diversified over the decades into a broad financial services conglomerate serving individuals and businesses in Malawi and several other African markets.
How Old Is NICO?
NICO was founded in 1971 as the National Insurance Company Limited, making it one of Malawi’s oldest financial institutions still operating today, with over five decades of history in the Malawian market.
Is NICO Publicly Traded?
Yes. NICO Holdings plc holds the distinction of being the first company listed on the Malawi Stock Exchange, having listed there in 1996; it has since also listed two of its subsidiaries separately.
How Big Is NICO?
African Business magazine’s Top 250 Companies in Africa (2025) valued NICO Holdings at approximately $467.4 million, ranking it 271st among Africa’s largest listed companies, making it one of the largest companies on the Malawi Stock Exchange.
Who Owns and Leads NICO?
As of publicly available historical shareholding data, US-based investment firm Africap LLC has held a significant minority stake (around 27.91% as of a prior disclosure) in NICO Holdings; current shareholding and Group CEO details could not be independently re-verified through live research in this session.
How Do I Contact NICO?
No verified public website, careers page, LinkedIn company page or contact email could be confirmed in this research pass.
Links
Website: Not publicly listed
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
Q: Is NICO Holdings legit?
A: Yes — it is one of Malawi’s oldest and largest financial services groups, and the first company ever listed on the Malawi Stock Exchange (in 1996).
Q: What does NICO Holdings do?
A: It offers insurance, banking, asset management, IT and property services through five main operating divisions.
Q: How old is NICO?
A: Founded in 1971 as the National Insurance Company Limited.
Q: Is NICO publicly traded?
A: Yes, on the Malawi Stock Exchange, where it was the first-ever listed company.
Q: How big is NICO?
A: African Business Top 250 (2025) valued it at approximately $467.4 million, ranked 271st in Africa.
Q: Where is NICO headquartered?
A: Blantyre, Malawi.