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Appointment of New Chief Executive Officer

The Board of Directors of National Investments PLC is pleased to announce the appointment of ARPHAXAD GOMBOROJO MASAMBU as Chief Executive Officer of National Investments Plc, with effect from 1 st April 2020.

Mr. Masambu is an Economist by Profession specialized in Industrial economics, Finance Investment and Development banking. He graduated from the University of Dar es salaam and the Australian National University, in the ACT-Canberra.

Mr. Masambu brings to NICOL wealth experience spanning over 19 years, as the General Manager of TIB Rasilimali Limited. He is one of the pioneers of the Dar es salaam Stock Exchange, and is one of the first five Stock Brokers cum Dealers to be licensed by CMSA.

Mr. Masambu has served as a Director on a number of Boards, including TOL and TOL Gases Limited, DSE Governing Council and DSE Interim Board, TIB Rasilimali and TCCIA Investment Plc.

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