Malawi Broadcasting Corporation
Business

Nico registers a higher return on investment

Despite the business sector being affected by natural disasters and pandemics such as COVID-19, Nico Pensions has through its Ufulu Pension Fund registered increased returns in 2023.

For instance, the company recorded 36.25% and 38% through its Ufulu Pension and Timasuke Fund respectively as returns for mid-year joiners.

Chief Executive Officer for NICO Pension, Gerald Chima, has described the development as a success.

“We are glad to say that despite passing through a series of unfortunate events such as COVID-19 and Cyclone Freddy, as a company we have managed to pick up well through property and other investments,” said Chima.

Speaking on behalf of the company’s clients, Harold Mnjuzi who is World Vision’s People and Culture Manager, said he is impressed with NICO’s investment strategies which, he believes has led to the company’s increase in returns.

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