The 112,500,000 shares are 61.3 percent of the company’s 183,592,400 shares with a nominal value of 20/- each.
The company’s Chief Executive Officer, Donald Kamori said the Dodoma parking arcade and office block at Mzuguni and Ndijengwa areas respectively. Kamori unveiled that TCCIA Investment Plc has already secured some 64,250 square metres at Nzuguni area for the parking arcade while talks are going on with Capital Development Authority to secure 10,000 square metres at Ndijengwa area.
“In Dodoma we have identified three areas for investment and right now we are in the process to make payment to owners so that we can own and officially start construction work,” the veteran banker said.
The CEO further noted that part of the 45bn/- will also be invested in Mtwara where they have already obtained 13,250 square metres at Mikindani Township to construct warehouses.
He said the warehouse investment is targeting to house imported goods destined for the natural gas rich regions of Lindi and Mtwara.
“We are planning to invest in this project because right now Mtwara region has huge potential and business opportunities due to the availability of gas,” Kamori noted.
The company also plans to invest in Dar es Salaam where a modern car park and shops are being planned at an area yet to be identified.
“We intend to build parking space in Dar es Salaam because right now there is a shortage of modern car parking space for many motorists in the city,” he noted but did not clearly state where exactly will the investment be made.
During the IPO launch which official begins on February 1 and ends on March 14 this year, the share prices increased dramatically to 400/- each. TCCIA Investment Plc shares will start trading on the secondary market of Dar es Salaam Stock Exchange next April.
The company has invested in several stocks including DSE listed: Tanzania Breweries Limited, National Microfinance Bank Plc, DCB Bank Plc, CRDB Bank Plc, Twiga Cement Company, Tanga Cement, Tanzania Cigarettes Company and SWISSPORT Tanzania Plc.
TCCIA Investment Plc Board Chairman, Engineer Aloys Mwamanga said so far the company has 2,393 shareholders across the country where Tanzania Chamber of Commerce Industry and Agriculture has branch offices.
Mwamanga said since establishment in 2005, the company has been performing well raking in billions of shillings in profits. “We are proud of this achievement because this increase has been obtained without using capital from any financial institution,” he noted.
The TCCIA Investment Plc has seen its stocks at DSE where it was listed internally for its members only in 2011, realize a return of 422.16 percent from 6.16bn/- to 32.15bn/- by December 2015.