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We've now simplified verification and share transfer applications for our shareholders!

Please choose the form that is appropriate for you, fill it and email to us through invest@nicoltz.com, or deliver it to our offices.

We've got Financial reports! You can read online and download, choose financial year as highlighted.

In case you need any clarification in regards to the reports, please don't hesitate to contact us, we are here to serve you!

We've compiled minutes of All Annual General Meetings! You can read online and download, choose AGM year as highlighted.

Whether you are already NICOL shareholder or wish to be our new investor, please dont hesiate to know what our company is doing, and its plans. Minutes would help you get to have insight of who we are and what we do in depth. Karibu.

About National Investments Plc - NICOL
Who We Are & What We Do

National Investments Plc (NICOL) is a publicly listed company incorporated in the United Republic of Tanzania under the Companies Act 2002 and operates vide certificate of incorporation No 41644 of 27 June 2001. However, trading of the company’s shares in the Dar Es Salaam Stock Exchange was suspended in 2011.

NICOL was established as a private initiative on 25th June 2003 by a few individuals who raised equity to inaugurate its incorporation and registration. It was initially registered under the acronym NICO, which was later changed (in 2007) to separate itself from other entities that used the same acronym. The second stage of its incorporation saw the establishment organize funds through private placements that attracted 148 shareholders contributing equity capital of 140 Million Tanzania Shillings, as of 13th December 2003.

On 6th March 2004 the Board of Directors recommended in the Annual General Meeting (AGM) for public share subscriptions through an Initial Public Offering (IPO) to restructure the capital base. This was prompted by the need to expand NICOL’s capital structure in order to achieve the company’s mission. The IPO would enable the company to make use of untapped investment opportunities and increase shareholders wealth. The AGM approved, and there after NICOL sought and obtained authorization from the Capital Markets and Securities Authority, which ultimately approved for 80 Million shares of NICOL to the public.

NICOL has an authorized share capital of TZS 200 billion dividend into 1.6 billion shares of TZS 125 each; 37,841,218 shares of TZS 125 each have been issued and fully paid.

Our Governance & Management Structure

NICOL decisions and direction as a company are derived from the Annual General Meeting (AGM), Board of Directors, Investment Committee and the Management. The shareholders Annual General Meeting is the highest decision-body of the company. The AGM elect the Board of Directors and appoints the external auditors periodically

BOARD OF DIRECTORS

The Board is responsible for proper management and assured safeguard of the shareholders’ funds.

The Board meets regularly to discharge its duties at the interval and frequency as regulated by the MEMATS. However, in the formative stages of NICOL the Board meets fairly frequently in order to keep close watch on the company’s development. The Board formulates the oversees of the implementation of policies and strategic decision. The Board receives technical advice from the Investment Committee. Although the administrative and operational decisions are delegated to the management, the ultimate responsibility rests with the Board itself. The principle instruments for guiding the functions and operations of the company currently in place are: Financial Regulations, Staff Regulations and Investment Policy.

INVESTMENT COMMITTEE

The investment committee makes sure that stakeholder’s funds are invested wisely in the high - return generating projects.

It independently advised on the investment priorities and establishes and efficient portfolio for NICOL. The Committee determines the placement of Assets and sees to it that the same is managed profitably. The Investment committee is the principle adviser to the Board regarding investment matters.

MANAGEMENT

The management, under the guidance of the Board, is charged with the day to day operations of the company. It handles the shareholders affairs and response to the enquiries. It maintains the proper records of the company’s proceedings and coordinate the implementation of the Board’s directives and resolutions on daily basis. The management works as the secretariat to the Board and Investment Committee respectively.

AUDITORS

The Annual General Meeting (AGM) appoints the Auditors to serve the office each year. It is responsibility of the Auditors to report to the shareholders on the Directors’ accountability to safeguard the shareholders’ interest.

Board of Directors

The Board Chairman and Board of Directors are appointed by the shareholders at the Annual General Meeting for term of four (4) years. The Directors are eligible for re-appointment as long as they do not exceed the age of 70 years. The Board is responsible and accountable to shareholders for ensuring that NICOL complies with all relevant aspects of the law and the highest standards of corporate governance and business ethics.

Dr. Gideon H. Kaunda
Board Chairman

Mrs. Joyce N. Nyanza

Director

Eng. Ladislaus M. salema
Director

Top Management Team

The management, under the guidance of the Board, is charged with the day to day operations of the company. It handles the shareholders affairs and response to the enquiries. It maintains the proper records of the company’s proceedings and coordinate the implementation of the Board’s directives and resolutions on daily basis. The management works as the secretariat to the Board and Investment Committee respectively.

Mr. Benjamin Mwakagamba
Company Secretary
Mr. Kinoni A. Wamunza
Chief Executive Officer
Mr. Erasto G. Ngamilaga
Chief Finance Officer