The National Investments Company Limited (NICOL)

Posted by Staff Writer on Tuesday, June 30, 2009 at 6:47pm.

Raha Tower Building, 4th Floor, Maktaba/Bibi Titi Streets

P.O. Box 8928  Dar es salaam

Phone No.  255 22 2136726/28/32

Fax No. 255 22 2136726

Chairman Felix G. N. Mosha

CEO or MD  Sylvester Barongo

Name of External Affairs or Press Contact  Not Available

The National Investments Company Limited (NICOL) is an investment company that mobilizes capital from the Tanzanian general public and invests the same in the profit making commercial enterprises. Specifically, the principal business activities involve establishing or acquiring and managing enterprises in various sectors of the economy namely manufacturing, financial services, telecommunications, agricultural, mining and in the hospitality sectors. As of December 31, 2006, NICOL had already invested in various commercial companies: National; Microfinance Bank (6.6% shareholding); Bayport Financial Services (20% shareholding), and Tanzania Fisheries Development Co. Limited (100% shareholding). In addition, NICOL has some investments in Treasury Bills and Treasury Bonds. African Banking Corporation Tanzania Limited (ABCT) has been appointed to act as the initial investment adviser.