Firm advocates savings culture – The Times Group Malawi

post was last updated: August 9, 2019

By Jarson Malowa:


Investment management and advisory firm Nico Asset Managers, a subsidiary of Nico Group, has reiterated its call for the youth in the country to adopt a savings and investment culture to become financially free.

Nico Group Head of Marketing and Communications, Lorraine Phiri, made the call on Wednesday at a day-long seminar on investment at Sunbird Ku Chawe Inn in Zomba.

Phiri said there was need for people and groups to save money, arguing the trend helps one or a group to survive even when they either retire or lose jobs.

“We have realised that many people do not save money because of lack of knowledge on how our platforms work. This is why we have been taking these seminars to Lilongwe, Blantyre, Zomba and soon we are going to be in Mzuzu,” Phiri said.

Key speaker at the seminar, Simon Itaye, spoke on strength, weaknesses, opportunities and threats of saving money at both individual and group levels.

In his testimony, one of the attendees, John Chikalimba, spoke highly of savings culture.

“I really have seen the importance of saving money because, without this, I couldn’t have been the way I am today,” Chikalimba said.

Nico Asset Managers Limited is a subsidiary of Nico Holdings, a grouping of companies that comprises of Nico General, Nico Life, Nico Technologies, Nico Zambia and NBS Bank.

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