Financial Services in Malawi

Fdh Financial Holdings Limited

FDH Financial Holdings is a holding company for FDH Bank, First Discount House ( an investment firm) FDH Stockbrokers Limited and FDH Money Bureau. It is the first financial institution to be owned by a indigenous Malawian.

501 to 1000 staff

Nico Life Insurance Company Limited

NICO Group has comprehensive solutions in general & life insurance, pension admin, banking, asset management, ICT, property management & development.

1001 to 5000 staff

Credit Data Crb

Credit Data CRB is a proudly Malawian Credit Reference Bureau. We provide credit reporting and verification services on both Businesses and Individuals

51 to 200 staff

Finca Malawi

FINCA Limited is part of the FINCA Impact Finance Network, a group of 20 microfinance and financial institutions that provides socially responsible financial services and enables low-income entrepreneurs and small business owners to invest in the future. It started its operations in Malawi 1994. To date, with its head office in Blantyre, FINCA Limited is now operating in 23 branches countrywide and a growing Agency network servicing both rural and urban entrepreneurs with financial needs. Initially FINCA started as a microfinance institution offering loans in groups and later combined with individual loans products after registering successful performance with the later. In 2015 FINCA acquired a deposit taking license which has transformed FINCA into the first Deposit Taking Microfinance Institution (DTMFI) in Malawi, enabling the organisation offer loans plus savings products. FINCA’s focus over the past years has been on helping low income individuals and communities invest in their future anchored on its mission to fight poverty through providing lasting and life changing financial solutions

201 to 500 staff

Old Mutual Malawi

Old Mutual is a diversified international financial services group listed on the stock exchange in London, South Africa, Malawi, Namibia and Zimbabwe. The group has a reputation for integrity, financial strength and value-for-money, and is dedicated to satisfying client needs for wealth creation and protection – in profitable ways. Old Mutual (Malawi) Limited offers services to Malawi-based clients via a focused range of products including Life Assurance, Asset Management, Unit Trusts, Property Management, Short-term Insurance and Pension Services. Old Mutual has conducted business in Malawi since 1954.

201 to 500 staff

United Civil Servants Sacco

United Civil Servants SACCO is a member owned institution that offers a range of savings and credit products to civil servants, parastatals and private organization in Malawi, an affiliate of Malawi Union of Savings and Cooperatives (MUSCCO). With 21 branches and 8 Satellites, it is the biggest Savings and Credit Cooperative Society in Malawi which started in 1992. It has grown to the current membership of 57,260 with an Asset base of MK16.9 billion and Loan portfolio of MK13 billion.

51 to 200 staff

National Economic Empowerment Fund Neef

The National Economic Empowerment Fund Limited (NEEF), formerly Malawi Enterprise Development Fund (MEDF) is a Government owned Microfinance Institution whose mission is to economically empower ordinary and underserved Malawians (particularly women, youth and persons with disability) through the provision of quality, affordable and sustainable microfinance services for improved livelihoods.

501 to 1000 staff

Nico Asset Managers

ABOUT US NICO Asset Managers Limited (NAML) is a specialist investment management and advisory firm, providing a premier range of investment management, corporate finance, infrastructure development and investor services to institutional and individual investors VISION To be the preferred investment management and investment advisory services provider. MISSION STATEMENT To be the preferred investment management and investment advisory services provider. VALUES Our core values are: Integrity, Care, Ethical Values, Quality Services, Transparency, Accountability, Corporate Governance and Professionalism.

11 to 50 staff

Malawi Posts Corporation

postal and financial services provider

501 to 1000 staff

Cdh Investment Bank Ltd

CDHIB is a leading investment bank in Malawi. It opened for business on 2nd April 2012 following the successful conversion from Continental Discount House Limited (CDH) which had operated in the financial sector for 14 years since August 1998. CDHIB’s unique service proposition is investment banking and corporate financial advisory service to its clients in a way not offered in the Malawi financial sector. It is a deposit-taking investment bank out of which it makes loans and advances. We offer personalized financial services to clients who wish to grow their business. Our point of differentiation lies in our commitment to an on-going client-adviser relationship and delivery of tailor-made financial solutions that are unique in the Malawian financial services sector. CDHIB is a subsidiary of Continental Holdings Limited, a fast growing financial services group. Other companies within the group include Continental Asset Management Limited, Continental Asset Management Nominees Limited, Continental Capital Limited, Continental Properties Limited and CDH Commodities Limited.

51 to 200 staff

Nico Holdings Plc

MISSION STATEMENT To create value for stakeholders. VISION To be the preferred financial services provider. VALUES Excellence, Integrity, Collaboration, Professionalism, Transparency. COMPANY PROFILE We are a financial services organization involved in the business of general insurance, life insurance, pensions administration, banking, mortgage finance, lease finance, asset management and information systems. As part of our portfolio investment, we are also involved in the hospitality industry, real estate holding and shopping centers through our subsidiary companies. Each of our subsidiary company is an autonomous operating entity with an independent board of directors and run by a dynamic management team, professionally qualified to manage the particular line of business. Each company has a branch network for business generation and service delivery in the major centers of the country. Our subsidiary companies are: NICO General Insurance Company Ltd NICO Life Insurance Company Ltd NICO Insurance (Zambia) NICO Technologies Ltd NBS Bank Ltd NICO Asset Managers We further have investments in other countries within the SADC region through: Sanlam General Insurance (Tanzania) Sanlam General Insurance (Uganda) SanlamSeguro de Vida Mozambique Our corporate strategy remains to expand representation and operation in the COMESA region through mergers, partnerships andinvestmentsin various businessesin Africa with renowned organizations to offer technical and professional support. We were the first company to list on the Malawi Stock Exchange in 1996.

11 to 50 staff

Sycamore Consult Ltd

Sycamore Consult is a Malawi-based consulting firm that offers government, private sector, and non-profit organisations competent business and project solutions.

1 to 10 staff

Ecobank Malawi

Ecobank Malawi Limited is a limited company incorporated under the Companies Act and registered in Malawi under the Banking Act. The Bank began operations as Ecobank Malawi Limited in April 2008 and is an affiliate of the Ecobank Group, a leading private pan-African banking group. At Ecobank Malawi, we offer a comprehensive suite of financial services and solutions to our Consumer, Commercial, Corporate and Investment Banking clients through our 8 branches, 26 ATMs and 194 XpressPoint agents situated across the country. The Ecobank Group was established in 1985 to drive financial integration and socio-economic development in Africa. With a presence in 35 sub-Saharan African countries as well as in France, the UK, UAE, and China, we have unrivalled expertise and experience across Africa. Our pan-African platform provides a single gateway for payments, cash management, trade and investment across Africa and beyond.

51 to 200 staff

Sycamore Credit Limited

Sycamore Credit Limited (SCL) is a Malawian owned micro-finance institution (MFI) that provides short tenor loan products. SCL was incorporated in April 2018 and further obtained Micro-Finance licence from the regulator, Reserve Bank of Malawi (RBM)

201 to 500 staff

Visionfund Malawi

We are a Christian owner-operated mission-driven microfinance network dedicated to working with the most vulnerable families and communities in hard to reach, impoverished locations, to create lasting change in their lives. Our Vision Our vision for every child, life in all its fullness. Our prayer for every heart, the will to make it so. Our Mission We believe in brighter futures for children. Empowering families to create income and jobs. Unlocking economic potential for communities to thrive.

201 to 500 staff

Centenary Bank Limited

A member of Centenary Group, registered & licensed to provide banking & financial advisory services & regulated by the Reserve Bank of Malawi

201 to 500 staff

Continental Asset Management

We are licensed fund managers who offer financial advisory and investment management services

51 to 200 staff

Export Development Fund Mw

Export Development Fund (EDF) is a Development Finance Institution (DFI) mandated to promote the growth as well as diversification of the country’s exports. Our mission is to accelerate structural transformation in Malawi through various financial and non-financial interventions availed to business in growth sectors of the economy. Not only do we support revenue generation through exports, we also play a leading role in job creation by investing in the ambitious projects and initiatives with the aim of enhancing the competitiveness of Malawi’s exports. By taking on strategic investments that may fall outside the risk acceptance criteria for commercial banks, the additionality of our interventions is pronounced as we are able to reach out to enterprises that are in dire need of financing as recently demonstrated by our COVID-19 Trade Impact Mitigation Facility (COTIFA) which extended loans and advances to the tune of US$ 20 million to enterprises that are affected by devastating impact of the pandemic. Our young and dynamic team leave their workstations everyday knowing they have contributed towards the structural transformation agenda of the country, and wake up to every other day with the responsibility to perform triple times more than the day before.

51 to 200 staff

Lifeco Holdings Malawi

LifeCo Holdings offers wealth creation, management and protection through life assurance, asset management and pension administration. The company was established to bring alternative services to customers that were looking for wider choice, competitive pricing, improved service delivery and innovative financial solutions. The company is licensed under the Financial Services Act 2010 and the Companies Act 1984 and obtained its License on 7th December 2020. It has three companies under its operations namely; 1. LifeCo Life Insurance Company Limited A licensed life insurance company that provides group life assurance, group funeral insurance, group mortgage cover, group credit life cover and annuity fund management. LifeCo Pension Services A licensed pension administrator that administers group pension schemes, acts as a corporate trustee and operator of unrestricted pension fund. LifeCo Asset Managers A licensed asset manager that provides money market investments, pension fund management and private wealth management.

51 to 200 staff

Select Financial Services - Malawi

Select Financial Services Malawi is a leading financial services provider in Malawi, incorporated on 20th December 2007. The company is a limited liability company that operates as a credit provider, focused on serving primarily government employees. This market is often overlooked by the formal banking sector as the clients are considered too small or too risky. Since its commencement of business in February 2011, Select Financial Services Malawi has been committed to its mission of providing financial services to those who may have difficulty accessing credit from traditional banking institutions. The company offers financial products and services designed to meet the needs of its clients, such as personal loans. Over the years, Select Financial Services Malawi has established itself as a trusted and reliable provider of financial services in the country. With its focus on serving the underserved, the company has helped many people to access credit, build their businesses and improve their financial stability. In recognition of its efforts, Select Financial Services Malawi has received numerous awards and recognition for its commitment to promoting financial inclusion in Malawi. In conclusion, Select Financial Services Malawi is a reputable financial institution that plays a significant role in addressing the credit needs of those who may not have access to formal financial services. With its strong commitment to serving government employees and its focus on providing innovative financial products and services, Select Financial Services Malawi is poised to continue making a positive impact in the lives of the people of Malawi

11 to 50 staff

Zamara Malawi

Zamara Pensions Administrators Limited is a financial services provider offering innovative yet simple Pensions, Corporate Trusteeship & Consultancy Services.

11 to 50 staff

Victoria Forex Bureau Ltd

51 to 200 staff

Malawi Union Of Savings And Credit Cooperatives Limited

Malawi Union of Savings and Credit Cooperatives (MUSCCO) is a member-based organisation of Savings and Credit Cooperatives (SACCOs) operating throughout Malawi. MUSCCO was established 15th September, 1980 with a mandate to promote service and support SACCOs in Malawi. At the same time that MUSCCO was formed there were 26 SACCOs with savings amounting to and a loan portfolio of Both MUSCCO and SACCOs have experienced steady growth since 1980.

11 to 50 staff

Emere

Emere is on a mission to digitize SMEs in Africa, we achieve this through our innovative B2B platform which makes B2B trade more transparent and efficient.

11 to 50 staff