06
Oct
Chamwe Kaira Nictus Holdings is entering an expansion phase that will require investment in new projects and capital across its subsidiaries. These include Auas Motors, Nictus Furniture, Build It, and Tiger Wheel & Tyre. The board said it has reviewed the group’s performance, future capital needs, and growth plans, and recognised that the company is entering a new phase of expansion. “To support these opportunities and ensure sustainable shareholder value creation, the board has resolved to retain a portion of the current year’s earnings. This approach balances shareholder returns with the need to maintain financial flexibility for the group’s strategic…
