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NICOL 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 inquiries.

Kinoni A Wamunza

Chief Executive Officer

Mr. Kinoni A Wamunza has BA (Economics) and MSc (Management) degrees, and a Post Graduate Diploma in Development Studies. He pursued his studies at the University of East Africa at Dar es Salaam, University of Toronto and Arthur D Little Management Institute. Mr. Wamunza has also attended courses in textiles manage- ment and privatization and successfully worked in these sectors.

Mr. Wamunza started his career as an Economist in the Ministry of Agriculture and Cooperatives, after four years he moved to National Development Corporation (NDC) as Senior Operations Officer, and, when textiles were hived off from NDC, he was transferred to National Textiles Corporation. Since 1973, when he was appointed a General Manager, Mr. Wamunza has been working in various senior positions in the textiles sub sector until 1994, when he joined the Loans and Advances Realization Trust (LART), a World Bank funded project executing the Financial Sector Reform Program, as the Director of Operations. In this capacity, Mr. Wamunza successfully managed and coordinated the activities to meet the institutional objectives, as per the World Bank Mission Report for the period. LART’s term ended in 2006.

Mr. Wamunza also served on a number of Boards of the textiles companies, in some of which he also served as Chairman. He also served as a Board member of the Board of External Trade, Textiles Manufacturers Association, and the regional NBC Boards for the Lake zone, as well as Mara and Morogoro regions.

In 2012, Mr. Wamunza was appointed as the Interim Manager of NICOL where, notwithstanding the extremely hostile, disheartening and at times dangerous work environment and conditions, he has been able to deliver to a large extent on the employer’s expectations.

Mr. Wamunza is currently the Chief Executive Officer of NICOL on a term contract.

Mr. Kinoni A Wamunza has BA (Economics) and MSc (Management) degrees, and a Post Graduate Diploma in Development Studies. He pursued his studies at the University of East Africa at Dar es Salaam, University of Toronto and Arthur D Little Management Institute. Mr. Wamunza has also attended courses in textiles manage- ment and privatization and successfully worked in these sectors.

Mr. Wamunza started his career as an Economist in the Ministry of Agriculture and Cooperatives, after four years he moved to National Development Corporation (NDC) as Senior Operations Officer, and, when textiles were hived off from NDC, he was transferred to National Textiles Corporation. Since 1973, when he was appointed a General Manager, Mr. Wamunza has been working in various senior positions in the textiles sub sector until 1994, when he joined the Loans and Advances Realization Trust (LART), a World Bank funded project executing the Financial Sector Reform Program, as the Director of Operations. In this capacity, Mr. Wamunza successfully managed and coordinated the activities to meet the institutional objectives, as per the World Bank Mission Report for the period. LART’s term ended in 2006.

Mr. Wamunza also served on a number of Boards of the textiles companies, in some of which he also served as Chairman. He also served as a Board member of the Board of External Trade, Textiles Manufacturers Association, and the regional NBC Boards for the Lake zone, as well as Mara and Morogoro regions.

In 2012, Mr. Wamunza was appointed as the Interim Manager of NICOL where, notwithstanding the extremely hostile, disheartening and at times dangerous work environment and conditions, he has been able to deliver to a large extent on the employer’s expectations.

Mr. Wamunza is currently the Chief Executive Officer of NICOL on a term contract.

Benjamin S. Mwakagamba

Company Secretary

Mr. Benjamin S. Mwakagamba is an Advocate of High Court of Tanzania and a professional member of Tanganyika Law Society, (TLS) and East African Law Society (EALS).

He is currently the Managing Partner and founder of the Law Firm styled as BM Attorneys. He is a legal practitioners and traveled appreciable distance in the litigation field. He deals with among others company formation and investment advice, Legal services to Bank and Financial institution, corporate restructuring. Environmental Law, intellectual property law, Corporate, Statutory and Business support services, Labour Law, Tax Law, Land law, conveyancing and receivership liquidation. He is appointed retainer by Tanzania Action Aid as Legal counsel handling all legal matter of the organization, and he is also a company Secretary of National Investment Company Limited (NICOL).

Mr. Benjamin S. Mwakagamba is an Advocate of High Court of Tanzania and a professional member of Tanganyika Law Society, (TLS) and East African Law Society (EALS).

He is currently the Managing Partner and founder of the Law Firm styled as BM Attorneys. He is a legal practitioners and traveled appreciable distance in the litigation field. He deals with among others company formation and investment advice, Legal services to Bank and Financial institution, corporate restructuring. Environmental Law, intellectual property law, Corporate, Statutory and Business support services, Labour Law, Tax Law, Land law, conveyancing and receivership liquidation. He is appointed retainer by Tanzania Action Aid as Legal counsel handling all legal matter of the organization, and he is also a company Secretary of National Investment Company Limited (NICOL).

CPA. Erasto G Ngamilaga

Chief Financial Officer

CPA Erasto Ngamilaga joined NICOL as the Deputy Chief Executive Officer in year 2017. Prior to 2017, CPA Erasto Ngamilaga was the support consultant in NICOL. He has over 12 years of financial and administration experience. Before joining NICOL he was the Credit Risk Manager, Acting Supply Finance Manager at Serengeti Breweries Ltd and before that he was the Cost Accountant and Project Finance Manager at TanzaniteOne Mining Ltd, he was also the Finance Manager at SAAFI, and He was the Financial Analyst at NMB PLC. Mr. Erasto Ngamilaga holds Advanced Diploma in Accountancy from Tanzania Institute of Accountancy (TIA) and is a Certified Public Accountant (CPA T).

CPA Erasto Ngamilaga joined NICOL as the Deputy Chief Executive Officer in year 2017. Prior to 2017, CPA Erasto Ngamilaga was the support consultant in NICOL. He has over 12 years of financial and administration experience. Before joining NICOL he was the Credit Risk Manager, Acting Supply Finance Manager at Serengeti Breweries Ltd and before that he was the Cost Accountant and Project Finance Manager at TanzaniteOne Mining Ltd, he was also the Finance Manager at SAAFI, and He was the Financial Analyst at NMB PLC. Mr. Erasto Ngamilaga holds Advanced Diploma in Accountancy from Tanzania Institute of Accountancy (TIA) and is a Certified Public Accountant (CPA T).

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