One of the country’s leading insurance companies, Nico Life Insurance Company, a subsidiary of Nico group says it managed to rake in K14 billion profit in 2022.
Disclosing this was the company’s Chief Executive Officer (CEO) Eric Chapola at Mount Soche Hotel in Blantyre on Tuesday when the company awarded some best performing sales representatives in recognition of their contribution to the company.
Chapola indicated that the profit figures were up from K9 billion posted in the preceding year.
Eric Chapola
He said this demonstrates that Malawians are now aware of the need to invest in the future.
” We are very happy with this and we are now sure that many have known the importance of investing in the future,” he said.
NICO Life Insurance Company Limited is a life insurance and pensions company that offers a comprehensive range of Individual Life and Group Life products in Malawi.
The company is co-owned by NICO Holdings Limited, formerly National Insurance Company which owns 51% and Sanlam Developing Markets Limited which owns the remaining 49%.
On Tuesday morning, 7th March, 2023 President Lazarus Chakwera met Commissioner Jutta Urpilainen of European Union where the two held bilateral talks on the sidelines of the 5th UN Least Developed Countries summit underway in Doha-Qatar where he appealed for quick resumption of direct budgetary support to Malawi.
“It is my appeal that you (EU) expedite the resumption of budgetary support to Malawi. This will help to intensify the flow of forex in Malawi while paving way for greater economic movement for the country.” Appealed President Chakwera.
President Chakwera with Jutta Urpilainen
He further pleaded with the EU through Jutta for substantial support towards cholera epidemic which has hardly hit Malawi, claiming over 1,500 lives with at least 50,000 others being affected at present.
In his remarks, Chakwera hinted that Malawi needs both technical and financial support to have cholera epidemic fully eradicated among its citizens.
On his vision to have mega farms in Malawi, Chakwera requested for technical enhancement and collaboration between his administration and European Union to see the vision’s realization through mechanization.
Turning to a need for Malawi to be connected, President Chakwera reminded delegates on his request that there is a need for establishment of a regional transport corridors for Malawi to be connected to the rest of her neighbours under the Global Gateway, saying it needs to be prioritized as a matter of urgency if Malawi is to attain development it deserves quickly.
Being the outgoing chairman for the Least Developed Countries, President Chakwera told the delegation that there is a great need of exponential growth for the LDCs and domestication of the Doha Programme of Action, lamenting that public debt remains a huge obstacle to their development.
Chakwera then commended the European Union for the assistance it renders to Malawi through various projects including the 56.5 million pounds towards Ulimi ndi Chilengedwe m’Malawi (Greening and Growing Malawi) Programme, 10.5 million pounds, Malawi Energy (Wala Malawi) Programme, and the €17 million Access to Justice (Chilungamo) Project, among many that EU is supporting.
In response, EU through Ms. Urpilainen expressed a great possibility of aligning resumption of the budgetary support towards specific sectors such as education, with a pledge to continue its assistance to Malawi.
Nyasa Big Bullets have announced the signing of a 26-year-old Kenyan defender Clyde Senaji on a one-year contract.
The player joins Bullets as a free agent after agreeing to a one-year contract and will be part of The People’s Team family until February 2024.
The former Tusker and AFC Leopards player has been under coach Kalisto Pasuwa’s assessment at Bullets for three weeks and was featured during the recent three-day 2023 Pre-Season Bonanza.
Clyde Senaji
According to the club, the Kenyan international, impressed the team’s technical panel as he came on as a substitute against Mozambican side Ferroviário de Nampula on Friday, and against Mighty Mukuru Wanderers on Saturday when he was given full minutes.
A 50-year-old Zefati Punda at Mponela trading center in Dowa has died allegedly after taking too much Kachasu (distilled alcohol) on an empty stomach.
Public Relations Officer for Mponela Police Station Macpatson Msadala has confirmed the news, saying the incident occurred yesterday at around 16:30 hours at Nkhamanga Village.
It is alleged that Punda had planned to visit China Jiangxhi International Company in search of a job but instead, he proceeded on a drinking spree within the village but on an empty stomach.
“In the course of drinking, his friends noticed he was becoming very weak and they decided to take him to the hospital but Punda did not make it,” Msadala said.
The postmortem conducted at Mponela Rural Health hospital revealed that the cause of death was due to low sugar levels.
The late Punda hailed from Kawiza Village, Traditional Authority (TA) Kaomba in Kasungu District.
Death has been announced of former Malawi National Women’s Football team and Nyasa Big Bullets Women FC player Thandi Kasiya
Football Association of Malawi( FAM) has confirmed of Kasiya’s death saying she died on Sunday at Queen Elizabeth Central Hospital in Blantyre after a short illness.
According to FAM,the late Kasiya was in the first Scorchers team that made its maiden international appearance at the 2002 Cosafa Women’s Championship in Zimbabwe and played for the team up to 2016.
