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Our Shareholders

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UGI’s strength is derived from a strong shareholding structure that reflects a strategic blend of financial stability and regional expertise. The National Bank of Malawi (NBM) holds the majority shares, reinforcing its position as a major stakeholder and bringing substantial financial backing. Emeritus Reinsurance Company Limited, Nicoz Diamond Insurance (NDI) and ZIMRE Holdings Limited (ZHL) from Zimbabwe complete the list. This diversified shareholding provides UGI with a diversified local and regional perspective. This positions UGI as a well-connected and resilient entity within the insurance landscape. For the customer, this means fair and quick settlement of claims. 

 

ZimRe Holdings Limited

ZHL is a diversified investment holding company with sustainable core competencies in insurance and property with investments and operations located in Zimbabwe and the Southern African region. ZHL is an active growth-oriented investor that provides strategic leadership, guidance and ensures value creation and portfolio optimisation.

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Nicoz Diamond Insurance Limited

NicozDiamond is a publicly owned company, headquartered in Harare, Zimbabwe and is listed on the Zimbabwe Stock Exchange.
 

Emeritus Reinsurance

The Emeritus Reinsurance brand is born out of the Baobab Reinsurance Group operating in Zimbabwe, Zambia, Malawi, Mozambique and Botswana.  The new brand ushers in a new era of reinvigorated business transacting, geared to exceed prior expectations and achievements.

 

National Bank of Malawi plc

National Bank of Malawi plc today is the leading bank in Malawi. It is a product of the experience and expertise of Barclays Bank and Standard Chartered Bank with a network of 33 Service Centres. National Bank of Malawi has about 1000 employees. National Bank of Malawi plc is the largest commercial bank in Malawi in terms of asset base, as well as being the most efficient and profitable. On August 21st 2000, the bank was listed on the Malawi Stock Exchange with an over subscription of 3.4 times. It is currently one of the most liquid stock and key vibrant player on the Stock Exchange.

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UGI’s head office is located in Blantyre and has branch offices in Lilongwe and Mzuzu

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National Bank Building,
Haile Selassie Road,
P.O. Box 383,
Blantyre,
Malawi
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