Lilongwe, March 18, 2025 – NICO Asset Managers, a subsidiary of NICO Holdings Plc, has unveiled the ‘Offshore Investment Offering’ in collaboration with Sanlam Private Wealth, aiming to provide Malawian investors with access to global markets and diversified investment opportunities.
The partnership with Sanlam Private Wealth, which operates in 31 countries and serves 69 million clients across Africa, is designed to offer high-net-worth clients stability, asset protection, and sustainable growth in the international market. NICO Holdings Limited Managing Director, Vizenge Kumwenda, emphasized the importance of this collaboration, stating that engaging with credible partners like Sanlam allows Malawians to be part of the global investment market, potentially spurring economic growth within the country.
Mark Muller, Head of International Business for Sanlam Private Wealth, highlighted the benefits of the offshore investment platform, noting that diversifying portfolios into hard currencies can help maintain value and provide access to some of the best global investment opportunities. This initiative enables Malawian investors to mitigate risks associated with holding significant portions of their portfolios in local currency.
Daniel Dunga, CEO of NICO Asset Managers, clarified that while foreign direct investment involves external entities investing within Malawi, the offshore investment offering allows Malawians to access international markets. This platform connects clients with major companies worldwide, broadening their investment horizons and potentially enhancing returns.
The launch of the Offshore Investment Offering marks a significant step for Malawian investors seeking to diversify their portfolios and engage with global markets. Through this partnership with Sanlam Private Wealth, NICO Asset Managers aims to provide clients with credible and lucrative investment opportunities beyond local boundaries.
