Executive Management

THE MANAGEMENT TEAM

ERASTO G NGAMILAGA Chief Executive Officer

Mr. Erasto Gaudence Ngamilaga joined National Investments PLC in June 2017, after more than five years of service at the Serengeti Breweries Ltd as subsidiary of the DIAGEO a multinational company based in UK served in various senior leadership position including Credit Risk Manager and Supply Finance Manager. Before entrusted by the NICOL Board in the position of the Chief Executive Officer of NICOL, Ngamilaga was as the Chief Finance Officer of NICOL.

Prior to year 2017, Ngamilaga also served as the Deputy Chief Executive Officer of the National Investments PLC, where he brought significant impacts to the achievement in the re-listing of NICOL shares at the Dar Es Salaam Stock Exchange in year 2018. He also made significant impact in portfolio diversification in driving agenda for sustainability, increased returns, shareholders value and growth. Ngamilaga career in Finance and Management spans over fifteen (15) years, covering Financial Accounting, Banking Operation, Project Management and control functions. He has immense experience in Strategic Management, Management, Transformational Leadership and Business Turnaround Strategy.

He has successfully led teams to deliver on various key areas that have helped to shape the required needs of the companies.

Earlier in his career, Ngamilaga worked for NMB Plc as the bank officer and later promoted as the Financial Analyst and selected to be part in leading transformation team (Sunrise Project) in the transformation of the NMB Bank.

In 2009, had to grow his career and was hired by the TanzaniteOne Mining Ltd as the Manufacturing Accountant and later promoted to the position of Finance Manager. He was then moved to Sumbawanga Agricultural and Animal Feed Ltd as the Finance Manager in 2011.

Ngamilaga is the Certified Public Accountant (CPA T) issued by the National Board of Accountant and Auditors (NBAA) and also holds a Master’s Degree in Finance and Investments from Coventry University. He has also attended various Executive Development and Leadership programs, various NBAA seminars and other development programs.

Ngamilaga is the believer of positive change to bring about positive impacts to the owners of the Shareholders, to the people and to the national economy at large.

CPA EZEKIEL LOVILILO Chief Finance Officer

Ezekiel Lovililo joined NICOL as the Chief Finance Officer in July 2022 and is responsible of organization’s financial strategy, risk management and investment strategies by considering cash and liquidity risks.

Prior to joining NICOL, Lovililo was Chief Finance Officer at Britam Insurance Tanzania Limited where he oversaw finance, corporate treasury, strategy, corporate development, investor relations, property, and supply chain management functions. With over 7 years’ experience in financial services industry, he brings in extensive knowledge in all financerelated operations such as those involved in treasury, tax, legal, HR, accounting, and investor relations. His extensive experience in providing direction of the financial strategic planning and tactical initiatives to accomplish goals brings in significant value to the company.

Lovililo is an Associate Certified Public Accountant (ACPA) issued by the National Board of Accountants and Auditors (NBAA) and holds a Diploma in International Public Sector Accounting Standards (IPSAS) issued by the National Board of Accountants and Auditors (NBAA). He also holds a Master’s Degree of Science in Accounting and Finance from Mzumbe University. He also holds a Bachelor’s Degree in Accounting and Finance from Mzumbe University. He has attended various executive programs and events as well as professional trainings.

Lovililo is a visionary leader with result-oriented mindset who believes in change and embraces it in a better way to reach a goal and add value to the shareholders.

DEOGRATIAS DARIO Investment Manager

Deogratias Dario joined NICOL as the Investment Manager in April 2021. He has extensive knowledge and expertise in financial markets, portfolio management and project financing. He is responsible for development of strategic plans of the company’s direction and analyse investment opportunities with potential to meet the company’s financial and investment objectives.

Prior to joining NICOL, Deogratias worked in the stock brokerage and investment advisory industry for six years in various roles at CORE Securities Limited. Throughout his career he has accumulated a deep understanding of the Tanzanian capital market and attained strong requisites as an investment advisor. Deogratias holds a MSc. in Finance and Investment from Coventry University and a Bachelor’s degree in Economics and Finance from the Institute of Accountancy Arusha. He also holds the Securities Industry Certification from Capital Markets and Securities Authority (CMSA) in collaboration with the Chartered Institute of Securities and Investment, UK.