Is Investing in NICOL the Right Decision?

Is investing in NICOL the right decision for you? Know all about NICOL in just a few minutes.

On the snapshot above, is a great question I was asked, and it had a long response, and

I thought it would be great to share it with you too. I don’t plan to waste your time, 

…so let’s begin.

If you are someone who wishes to begin investing in stocks or you want to add another company to your investment portfolio,

reading the full text will help you decide.

In case you didn’t know…

NICOL (National Investments Company Limited) is a company that was established in 1999 to help people invest,

 collectively in economic activities.

NICOL has invested in various sectors such as;

✔ Financial Institutions (like banks; NMB and CRDB), 

✔ Communication (Vodacom), 

✔ Manufacturing (TBL), 

✔ Real Estate,

✔ Money Market such as bonds and fixed term deposits, and

✔ Others…

The 2024 Annual report shows the distribution of NICOL’s investments as;

The investment breakdown is 67% Shares, 18% Real Estate, 13% Land and Real Estate, 2% UTT, and

in Stocks Investment, the company has about:

✔ NMB Bank ~ TZS 150 Billion,

✔ DSE ~ TZS 4 Billion,

✔ TBL ~ TZS 1.1 Billion, 

✔ CRDB ~ TZS 1.4 Billion, and

✔ more than TZS 1.07 Billion in other companies like TCC, VODACOM and TPCC.

Okay, 
some important trends to take note of;

Changes in NICOL share prices

October 2020 (TZS)	September 2025 (TZS)	Change (%)
165	1390	742.42%

Dividend payment for the last five years (TZS per share)

2020	2021	2022	2023	2024
10	37	43	53	70

Profit made from Shareholder’s Equity (ROE: Return on Equity)

2020	2021	2022	2023	2024
2%	5%	6%	5%	6%

In the blog about Starting Stocks Investing, I explained that share price alone is not enough to make a decision.

You will also have to look at the company’s qualitative fundamentals and the history of the company in increasing profits every year, such as

✔ Revenue Growth,

✔ Net Income Growth,

✔ Earnings Per Share (EPS),

✔ Return on Equity (ROE), and the like…

such information is easily found on annual reports.

Getting the right understanding on the stocks investments and doing a simple analysis of a few companies that you want to start with,

…will give you the right decisiveness to invest in NICOL or any other company on the DSE (Dar-es-Salaam Stock Exchange).

If you want to know how stock prices and profits relate, you can check right here.

Keep yourself updated by following our Instagram, and 

…you can also buy a copy of the Stock Investing eBook on Whatsapp for 29,900/= only.

 Along with the book, you will get for FREE;

✔ Stocks Investment Tracker (Excel/Google Sheets) for keeping a record of your purchases of Shares and Dividends you will receive

✔ Quantitative Analysis Tool (Excel/Google Sheets) to analyse a business using previous company records, and

✔ A 30-minute session to guide you how to start.

All the bonuses would cost you 122,750/=, but you will get it for free. 

As a guarantee, if you are not able to start investing in 7 days, your money will be refunded and you would have remained with the eBook…

just in case you decide to buy stocks in the future.

The 30-minute free session bonus will be for only 14 days from the release of this blog. Don’t plan to miss it.

Now, you can click the button below 👇  to get the eBook.

Stay updated on our Instagram for free content, and click the button below to communicate with us on WhatsApp.

PS:

The minimum amount to buy stocks is only 10 shares! You don’t need a lot of money to get started.

Cheering for you :),

Gracing Money!

References:

1] NICOL 2024 Annual Report, National Investments PLC

2] nicol.co.tz

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