NICO, First Among Tanzanian Public Companies

This past weekend I had the distinctive pleasure of meeting Mr. Felix Mosha, Chairman of the National Investments Company Limited (NICO). (Please see his picture below.) In the background you can see a picture of the highly respected President Jakaya Kikwete, whose picture is featured in most businesses that you enter.

Understanding a little about NICO provides insight into Tanzanian business. NICO is the only Tanzanian owned company in the Tanzanian stock market. There are six companies in the stock market.

NICO has taken on the very ambitious and important work of trying to acquire interest in or developing Tanzanian businesses, especially those that were previously government owned or are connected to national resources. They want the Tanzania people to have a say in how their own natural resources are developed. You can learn more about NICO at http://www.nico.co.tz/.

Thank you Mr. Mosha for taking time with me.