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Real Estate Cement Industry Breweries
About us

We’re a global stakeholder relation and investment company.

NICOL was initially formed in 1999 . 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.


Our Investments

Government Bonds

Our team understands how to effectively invest in fixed income instruments to capture the yield potential of government bonds. NICOL has invested TZS 14 billion in government bonds


Our team of seasoned investment professionals is well positioned to identify value across listed companies. In our portfolio, NICOL PLC has Invested over TZS 50 billion in 9 listed companies. We aim to deliver long term capital growth while evaluating the risk adjusted returns through a disciplined approach to investment selection.

Real Estate

Tanzania’s real estate sector is mainly driven by strong and sustainable growth and the fast-growing Tanzanian population estimated to be 55 million people. NICOL PLC has invested over TZS 1 billion in real estate sector to capture the increasing demand in urban housing market


Our Investment Sectors

Financial Institutions

NICOL PLC works with financial institutions that are the largest in Tanzania and are doing well, NICOL saw an opportunity and decided to invest in those institutions NICOL has invested in NMB bank and CRDB in NMB bank NICOL has invested 6.6% and CRDB has invested 0% in general public shares.


NICOL PL has invested its shares in telecommunication company VODACOM so far NICOL PLC has invested one million shares in the telecommunication company and continues to look for other opportunities in telecommunications companies that will grow well in the stock market and provide opportunities for telecommunications companies to come buy shares from us.


NICOL PLC OWNS 51% of Tanzania Meat Ltd which is a Tanzanian company in partnership with a state-owned company called NARICO with 49% ownership NICOL PLC also NICOL PLC invests in some of the industries which are TCC, TBL ,SIMBA CEMENT and GIRAFE CEMENT.

Real Estate

On Real Estate NICOL PLC has invested in their building which they own and will grow to be able to lease businesses and companies that will rent as offices

Money Market

On the money market NICOL PLC has invested in government bond, treasury bill and fixed deposit


NICOL PLC aims to promote investment in other areas that will benefit the institution as well as its members, institutions and individuals are welcome to advise NICOL PLC on other areas of investment.

Meet our stakeholders behind our company progress and achievements.

All of our stakeholders have to have the right seat at the table, and they all have to be successful. It’s hard to do, but you have to keep our eye on developing a meaningful relationship where it is beneficial for them. Then you work backwards from there.

Questions and answers

Frequently Asked Questions

Due to COVID-19 disease outbreak and the whole world suffering from pandemic, we are taking measures to ensure safety of our shareholders by reducing social gatherings and maintaining social distancing.
Your dividends has paid through your NMB account. Dividend for the year 2016 paid on 8 march 2019 amount 71,250.year 2017 paid on 11 march 2019 amount 74,100.Year 2018 paid on 28 December 2019.year 2020 paid on14 December 2020 amount 28,500.
NICOL has both local and foreign shareholders. We use Swahili and English when communicating with our shareholders.

We are Economic Shield of the Nation

Let’s make something awesome together. Invest Better!

Want to get in touch? We’d love to hear from you. Here’s how you can reach us..