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We’re a Global Collective Investment Company.

NICOL was formed in 1999 by the support from various individuals with a purpose of empowering ordinary citizens economically by acquiring a stake in viable economic ventures through joint ownership.

The Economic Shield of the Nation

The company’s shareholding structure is composed of over 25,000 shareholders including retail investors, institutional investors, cooperative groups, domestic and foreign Investors.

benefits We offer

Unlocking long term value and enhancing Shareholder’s Returns

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Our Investment Sectors

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Financial Institutions

Financial Institutions are key players to economic growth. NICOL has invested in the best performing banks in Tanzania i.e NMB Bank Plc and CRDB Bank Plc. The company holds 4% of NMB Bank’s issued shares.

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Communication

Communication sector is one among the fast-growing sectors in Tanzania. NICOL has invested in the leading telecommunication company, Vodacom Tanzania and continues to explore other opportunities in ICT with potential for exponential growth.

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Manufacturing

Manufacturing Sector is essential to development and growth of the economy. NICOL has invested in several manufacturing

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Real Estate

Nicol has invested in, property management and raw land development through its wholly owned subsidiary company.

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Money Market

Our investment in money markets comprises of treasury bonds, treasury bills and fixed deposits.

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Others

NICOL aims to expand its investment scope into other sectors which will enhance profitability and add value to its shareholders
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Our Investments

Government Securities

01

Our team understands how to effectively invest in fixed income instruments to capture the lucrative yield and minimal risk of Government Bonds. NICOL has invested over TZS 35 billion in Government Bonds.

Equity

02

Our team of seasoned investment professionals is well-positioned to identify value across listed and unlisted companies. In our investment portfolio, over TZS 100 billion is invested in 9 companies listed at the Dar es Salaam Stock Exchange Plc.

Real Estate

03

NICOL is positioned to harness the investment opportunities in Tanzania’s growing population estimated at 65 million people in 2022. Over TZS 25 billion is invested in the real estate sector to capture the increasing demand for commercial and residential housing purposes in the country.

Frequently Asked Questions

A shareholder should fill the Dividend Claim Form, attach his/her Identification card (National ID, driving license, voting ID or passport)and submit it to our office or at our registrar’s office ( CSD & Registry Co. Ltd)

NICOL has been consistently paying dividend from 2016

The Annual General Meeting (AGM) is held virtually to accommodate shareholders who can’t attend physically at the AGM venue.