Nico Holdings Limited plc has announced plans to launch Nico Capital, a new investment firm that will utilise idle pension funds and afford investment opportunities to private investors in the country.

Making the announcement during a press briefing on the Group’s performance, the Managing Director Vizenge Kumwenda outlined that the company is slated to launch on May 1, 2021. “We want to promote investment in the country which will benefit our clients because we are one of the biggest life insurance companies in Malawi and biggest pension managers, with that, we are collecting policy holder’s money and we need to invest,” Kumwenda said.

The company joins a number of players on the market such as Bridgepath Capital and Cedar Capital.