National Investments Company Limited Tanzania

National Investments Company Limited (NICOL) Tanzania
FormerlyNational Investments Company (NICO)
Company typePublic
DSE: NICOL
IndustryInvestment fund
Founded25 June 2003
Headquarters
Dar es Salaam
,
Tanzania
Key people
Adam Wamunza(CEO)
WebsiteCompany website

National Investments Company Limited (NICOL) Tanzania is a Tanzanian investments company headquartered in Dar es Salaam. It was incorporated in June 2003 as National Investments Company (NICO). In 2007 the company renamed itself as the National Investments Company Limited (NICOL). The company was one of the first few companies to be listed on the Dar es Salaam Stock Exchange in 2004. The majority of the company's investment portfolio is in securities, however, it also owns two active subsidiaries.[1]

History

Public listing

The company listed on the Dar es Salaam Stock Exchange all of its 1.6 billion shares at TSh 400/= per share, on 15 July 2008.[2][3] In 2011 the Capital markets authority forced them to de-list as they had not provided financials for 2009, 2010 and engaged in a sale of assets that was not in accordance to the law.[4] At the time of de-listing the company shares were trading for 270/=.

However, in 2017 the company re-surfaced and declared its first divided of 25/= per share after 10 years of operations. After the dividend declaration, the company announced its plan for re-listing on 6 June 2018 at 300/= per share.[5]

Corporate affairs

The key trends for NICOL over recent years are shown below (as at year ending 31 December):

2010 2011 2012 2013 2014 2015 2016 2017 2018
Profit before Taxation (TSh billion) -2.5 -1.4 -0.3 0.9 0.9 0.2 9.2 1.2 4.2
Net Asset Value (TSh billion) 25.7 32.3 42.2 95.5 125 95.3 109 107 94
Earning Per Share -60 -30 -4 30 33 11 232 33 81
Notes/sources [3] [3] [3] [3] [3] [3] [3] [6] [6]

Subsidiaries

  • Tanzania Meat Company Limited – The company was founded on 28 July 2008 through a partnership between NICOL and the government's National Ranching Company (NARCO), with NICOL owning 51% of the shares. The company operates an abattoir in Dodoma.[7]

References

  1. ^ "NICOL | National Investment Company Limited". www.nicoltz.com. Archived from the original on 2017-04-25. Retrieved 2018-06-01.
  2. ^ Elinaza, Abduel. "Tanzania: NICOL Applies for DSE Relisting". AFRICAN MARKETS. Retrieved 2018-06-01.
  3. ^ a b c d e f g h "Nicol Annual Report" (PDF).
  4. ^ "Tanzania's delisted Nicol announces financial statement with". The Citizen. 2017-10-03. Retrieved 2018-06-01.
  5. ^ "Nicol declares dividend payment for first time". The Citizen. 2017-12-03. Retrieved 2018-06-01.
  6. ^ a b "Nicol Annual Report 2018" (PDF). Archived from the original (PDF) on 2020-12-09.
  7. ^ "Welcome - Tanzania Meat Company Limited (TMC)". Tanzania Meat Company Limited (TMC). Retrieved 2018-06-04.