The Tanzania Cigarette Company (TCC), a member of the JTI Group of Companies, boasts a proud history that reflects the way the country itself has re-shaped over the past half a century.
The Company was established as East African Tobacco in 1961, just a few years later the Government of Tanzania acquired 60% equity in the Company, as part of Tanzania’s Nationalization program and the remaining 40% in 1975.
In 1995, RJ Reynolds acquired a 51% stake in TCC. In 1999, Japan Tobacco Inc. (JT) acquired all non-US Tobacco operations of RJ Reynolds, including its 51% stake in TCC. In September 2000, JT, through its international tobacco division, Japan Tobacco International (JTI), increased its shareholding in TCC from 51% to 75%, making JTI the majority shareholder in TCC.
Today, TCC is listed at the Dar es Salaam Stock Exchange, and the organization shares a common aspiration with the nation for success and respect, guided by our three core values – enterprising, open and challenging.
The Company was established as East African Tobacco in 1961. The factory was officially opened by Mwalimu Julius K. Nyerere on December 4, 1961. The Company now British American Tobacco (BAT) operated the company post-independence. In 1967, the government of Tanzania acquired a 60% stake in the company. During the socialist movement in Tanzania, in 1975 the government acquired the renaming 40% of the stake from the company and becomes the sole owner of the company. The company is renamed to Tanzania Cigarette Company ltd.
After years of poor operation and management, the government sells 51% of its stake in the company to RJ Reynolds in 1995. As part of its purchase of some of the assets of RJ Reynolds in 1999, Japan Tobacco Inc. (JT) acquired a 51% interest in TCC. In September 2000, JT purchased an additional 24% of the shares through its international tobacco division, Japan Tobacco International (JTI), increasing its holdings to 75% of the shares.
Months after the acquisition of TCC by Japan Tobacco International, TCC was listed on the Dar Brouse with JTI still holding a 75% majority stake.
TCC is the only producer of cigarettes in the country. In 2011 TCC brands conquer 90% of the Tanzanian market, while 5% is controlled by British American Tobacco whose factory is in neighboring Kenya, and 5% by foreign brands.
Tanzania Cigarette Company (TCC:DSE) is traded on the Stock Exchange since November 2000. Japan Tobacco International has held majority stake of 75% since September 2000.
As of December 2016 the stock of TCC is owned by the following institutions:
|JT International Holding B.V.
|Parastatal Pension Fund (PPF)
|Government of Tanzania
|Public Service Pension Fund (PSPF)
- Embassy – Registered in January, 1948 in Tanganyika in the name of Brit-Am Tobacco (Tanzania) Limited.
- Sweet Menthol (SM) – Launched in 1961 during incorporation.
- Portsman – Formerly Sportsman
- Club – Launched in 1998
- Safari – Launched in 2005
- Camel – Originally the American brand introduced in Tanzania by TCC.
- Iceberg – Premium Menthol cigarette launched in 2008
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