MKW 55.00

Malawi Stock Exchange; Quote not intended for trading purposes

NICO Holdings Limited was the first to be listed on the Malawi Stock Exchange in 1996. It is a company with an interesting history, dating back when it started operating in 1971 as National Insurance Company. Since then NICO has grown its business and now has subsidiaries in Malawi and Zambia and investments in Uganda, Mozambique and Tanzania. It is involved in General Insurance, Life Insurance, Banking, Asset Management and has supporting business in Information Technology Service. NICO has several other investments in hospitality industry, real estate such as shopping malls and office complexes, Mwaiwathu Hospital. Its corporate strategy is remains to expand representation and operations in COMESA region.


We understand that we earn the right to exist by providing appropriate long-term returns to our shareholders. We try particularly hard to meet our various targets and deliver on our commitments.

As our existing and prospective shareholders are providers of capital to the business, it is our responsibility to provide them with reliable, relevant and timely information to help them make informed investment decisions. Our shareholder base is diverse, including individual and institutional shareholders both locally and internationally.

Dividend History per Share

YEAR 2016 2017 2018 2019 2020
DIVIDEND PAID (MK MILLION) 417 1,565 1,773 1,982 2,399
DIVIDEND PER SHARE (TAMBALA) 40 150 170 190 230