Tag Archives: SICO Holdings Limited

Business

SICO Holdings successfully completes Kasiya market, hands over to Govt amid community excitement

MaraviPost Leave a comment

LILONGWE—(MaraviPost)-SICO Holdings has successfully completed and handed over the Malembo Market project in Kasiya, a MK3.6 billion investment that marks a major milestone in Malawi’s drive to modernize market infrastructure under the IFAD-funded TRADE Programme.

The project, the largest implemented so far under the Ministry of Local Government and Rural Development’s TRADE initiative, has been hailed as a game-changer for local economic activity, with traders and residents expressing excitement over its scale, quality, and potential to transform livelihoods.

Notably, SICO Holdings has made history as the first contractor to complete such a project within the scheduled timeframe, earning praise from both government and development partners for efficiency and professionalism.

Speaking during the commissioning ceremony, graced by Minister of Local Government and Rural Development, Ben Phiri, stakeholders commended SICO Holdings for delivering a high-quality facility that meets the needs of a growing trading community.

Phiri hailed the International Fund for Agricultural Development (IFAD) for its continued support towards infrastructure development in Malawi and assured the nation that government will ensure the market is fully utilized for the benefit of the people.

The successful completion of the Kasiya project has already yielded broader impact, with development partners approving the Government’s request to scale up similar market infrastructure across other districts and cities—a move expected to further boost small-scale entrepreneurship nationwide.

SICO Holdings Managing Director, Charles Zimba, said the company remains committed to delivering infrastructure that drives real change in communities.

“We are happy to see successful completion of such an impactful project—that’s why SICO was founded,” he said.

For the Kasiya community, the new Malembo Market is more than just a structure—it is a symbol of progress, opportunity, and renewed hope for business growth.

Business

Malawi Govt lauds SICO Holdings for improved social services delivery

MaraviPost

LILONGWE-(MaraviPost)-Malawi Government has waxed lyrical of SICO Holdings Limited, one of the locally-owned companies in social service delivery.

Authorities therefore says, SICO Holdings’ project execution rate is always on point, something that has tremendously helped government to improve social service delivery in the country.

Principal Secretary Elias Chimulambe made the sentiments on Friday evening in Lilongwe during a networking cocktail that SICO Holdings organised for its clients.

He said the Ministry of Water and Sanitation is optimistic that working with the private sector, such as SICO Holdings, can assist in improving the country’s access to clean water, sanitation, and hygiene.

“As government we hail SICO Holdings for assisting the government’s efforts in ensuring good sanitation and hygiene through SICO Water, which has been drilling boreholes across the country,” he said.

SICO Holdings is a Malawian wholly-owned holdings company with subsidiaries such as SICO Water, SICO Civils, SICO Technology, African Finance and Thabola Suites.

Chief Executive Officer Charles Zimba said being a Malawian, they are committed to ensuring the country meets her development aspirations.

“Over the years, our company has expanded extensively in its operations. We have over 100 permanent employees and over 500 on temporary basis.

“We are very happy to be a locally-owned company that is contributing immensely to the economy of this country,” said Zimba.