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Q: |
What is NICO? |
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A: |
NICO is acronym
for National Investments Company Limited. NICO is an
investment firm, which allows Tanzanians to own a piece of
former state-owned companies in one stock. |
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Q: |
How can I invest with NICO? |
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A: |
NICO's stock
will be traded on the Dar es Salaam Stock Exchange. Any
Tanzanian citizen will have the opportunity to purchase
stock directly from NICO or through brokerage firms in
Tanzania. |
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Q: |
When did NICO become a
registered company? |
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A: |
NICO was
registered on 25th June 2001 as a public company under a
certificate of incorporation No. 41664. NICOs’ nominal
capital is Tshs. 50 billion (fifty billion) divided into 50
million ordinary shares of Tshs. 1000 (one thousand) each. |
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Q: |
What do I do if I lose a
share certificate? |
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A: |
Contact NICO's
Investor Relations Department
immediately. |
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Q: |
When does your fiscal year end? |
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A: |
Our fiscal year
ends in October. |
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Q: |
When is the next NICO
Shareholder
meeting? |
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A: |
Visit our
Investor Relations page to find out the next shareholder
meetings and additional information for NICO Investors. |
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Q: |
What is NICO's ultimate goal
as an investment firm? |
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A: |
NICO has been
set up in order to allow Tanzanians to take control of their
market and take was is rightfully theirs. Read the
Services page for more on this. |
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Q: |
I am a Tanzanian living
abroad, can I join NICO? |
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A: |
NICO is open for
all of the Tanzanian general public. Your presence in
Tanzania is not compulsory though visits to the emergency
general meetings would be helpful as you can provide your
thoughts and views. |
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Q: |
How am I
notified of Emergency Meetings? |
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A: |
Emergency
General Meetings are held from time to time such as the one
at the Karimjee Hall and the shareholders are duly notified
through mail in the form of a letter. |
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Q: |
What happens if
I miss a Shareholders' Meeting? |
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A: |
Though it is
best to make it to the meetings on time and as requested.
Ultimately nothing will happen to you though your views and
possible contributions to the matters discussed cannot and
will not be considered at the meeting. Of course, if serious factors hinder
your coming to a meeting your contacting us prior to the day
of the meeting would be greatly appreciated. |
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