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Monday, 12 August 2019

TCCIA BACKS INDUSTRIALIZATION EFFORTS



 From our Correspondent in Dar es Salaam,

The 14th annual general meeting of TCCIA Investment PLC stakeholders among other issues resolved in the construction of industries as part of  supporting the fifth phase  government objective to become a middle income and industrial base economy by 2025.



Speaking shortly in the aftermath of the meeting, the TCCIA Investment PLC Board Chairman, Mr Fortunatus Magambo said the decision came after considering the potentiality of the sector in profit making and increase  dividends  of  shareholders.


“Investing in  industrial sector will assure profit making, growth of the company and dividend to shareholders,”Mr Magambo said.

Mr Magambo said the board would continue to play advisory role to the company and make sure that everything is going as planned for sustainable growth and development of the company.

“The fifth phase’s government under the leadership of President Magufuli has shown its commitment in building industrial base economy and we as a company we are committed to further that cause which will
also increase profit among stakeholders,” he said.

He said that the company aims at profit making through investments in various sectors of economy which are economic viable to protect members shares and attract  as many new shareholders as possible.

“I am calling upon Tanzanians to come out and invest in terms of shares because by so doing they will be sure of the safety of their monies and get profit through various investments,” he said.

He added that it was crucial for Tanzanians to cultivate the culture of investing in stock exchange markets to be assured of multiple benefits which include selling of their shares anytime deems to be fit.

Chief Executive Officer of TCCIA Investment PLC, Mr Donald Kamori speaks during the 14th annual general meeting of TCCIA Investment PLC stakeholders held  in  Dar es salaam  recently . Second  from right is the TCCIA Investment PLC Board Chairman, Mr Fortunatus Magambo  and right is Professor Lucian Msambichaka, who is the company’s board member.( Photo by our correspondent)
On his part, the Chief Executive Officer of TCCIA Investment PLC, Mr Donald Kamori said  the annual general meeting’s  objective was to meet stakeholders and deliberate on several issues related to management of their shares.

“The meeting mainly focused on receiving the board of directors report on the condition of the company for the past year, analyzing achievements and challenges with the view to increasing efficiency and profit making,” Mr Kamori said.


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