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Overview
OVERVIEW OF THE NATIONAL INVESTMENTS PLC
ABOUT NICOL
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NICOL was initially formed in 1999 by the support from various individuals. This initiative progressively gained the support of many Tanzanians, leading to its incorporation as a sole Collective Investment Scheme in Tanzania, on 27th June 2001, NICOL was registered by Brela number 41644. Its main goal is to economically empower ordinary citizens by acquiring a stake in the economy of Tanzania through joint ownership in viable economic ventures.
NICOL started off its operations with an authorized share capital of TZS 50,000,000,000 divided into 200,000,000 shares of TZS 1,000 each. At its registration it had paid up capital of TZS 10,000,000 which grew to TZS 156,492,000 after two years. The current paid up capital is TZS 8 billion.
The owners of the Company are the general public (Tanzanians) comprising of 26,894 shareholders.
