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Nico eyes 15pc NMB shares
2005-09-27 07:23:09
By Peter Tindwa
The National Investment Company (NICO), has asked the Government to explore into a possibility of allocating 15 per cent out of the 24 per cent shares set aside for local companies in National Micro-finance Bank (NMB).
Speaking to journalists in Dar es Salaam yesterday, the NICO Chairman, Felix Mosha, said so far his company has purchased 9 per cent of shares in NMB.
’Tanzanians are serious and determined to run their motherland’s economy through NICO,’ Mosha stated.
He noted that NICO 4,361 shareholders have purchased shares worth 33,524,262/-.
Said he: ’After investing in a number of investments including Treasury bonds, NICO shareholders have already contributed 12,877,385,500/-.’
He called on the general citizenry to remove any fear regarding the operations of NICO.
’NICO will continue to strive to invest in many sectors and assure Tanzanians that something can be done positively by Tanzanians themselves,’ Mosha stressed.
He said NICO was aiming to secure two seats in the NMB Board of Directors.
He, however, said that NICO was ready to purchase up to 16 per cent of shares in NMB.
The government is expected to officially hand-over NMB to its new owners by next Friday.
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