NICOL – The Economic Shield of the National

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.

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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.

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benefits We offer

Unlocking long term value and enhancing Shareholder’s Returns

Diversified Investment Portfolio
Our investment portfolio in various sectors has proven strong resilience against domestic and external shocks. This has resulted to increasing returns to our shareholders and demonstrated commendable growth in our investments.

Robust risk Management
Our proactive risk management strategies coupled with seasoned professionals safeguard our investments from various risks.

High Liquidity
The high liquidity of our shares at the Dar es Salaam Stock Exchange Plc (DSE) ensures Easy Free Entry and Exit of shareholders in the company.

Our Investment Sectors

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.

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.

Manufacturing

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

Real Estate

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

Money Market

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

Others

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

Our Investments

Government Securities

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

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

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