Commemorating a historical landmark year, Tanzania Cigarette Public Limited Company (TCC Plc) was inaugurated as East African Tobacco by Mwalimu Julius Nyerere on December 4, 1961, just five days before Tanganyika attained independence from Great Britain.
With their shared beginnings in this momentous period, the fortunes of both the company and the nation have remained intertwined over the past 60 years.
The chronological journey showcases the enormous success & many milestones accomplished along the way. No easy feat to have set up in the new Independence era, TCC’s journey is distinguished by a unique level of focus and ambition that ensured its survival even in the most difficult of times.
When the Arusha Declaration came in 1967, government acquired 60 percent of the company. In 1975, the government acquired the remaining 40 percent stake and Tanzania Cigarette Company was born as a fully state-owned institution.
In 1995, as part of government’s policy to disengage from business TCC, along with most other companies, was privatized.
In 1999, Japan Tobacco International (JTI) bought 51% stake from TCC and in 2000 TCC was listed in the Dar es Salaam Stock Exchange and JTI increased its stake to 75%. Since then, the value of TCC’s shares has continued to grow to become the highest in the Dar es Salaam stock market. It is clear that TCC has been one of the country’s success stories of privatization.
TCC’s history is an amalgamation of the past and present corresponding the magnificent history of the nation with a promising eye on the future. With a strong vision, TCC laid the foundation stone for the future and in no time became market leaders having carved a niche in the industry.
Over the years, TCC has invested significantly in both its people and technology, reaching a production capacity of about 10 billion cigarette sticks. This year TCC expects to reach sales in the domestic market of above 5 billion cigarette sticks and around 3 billion cigarette sticks across its export markets in the Central and Southern African countries. With all the investment, TCC’s contribution to the government revenues has significantly increased making TCC amongst the top large taxpayers in Tanzania.
In the first half of this year, TCC recorded outstanding results, great performance and highest sales ever. Both domestic and export volumes grew by 16.5% and 3.7% respectively while overall volume increased by 12.5%. During the last 18 months, TCC has increased its share of market to over 90%.
TCC has garnered immense applause & adulation from the industry and is the proud winner of many awards. The many feathers in the TCC cap include the likes of TOP Employer Tanzania and Africa for 4 consecutive years, Investor in People Gold level award, OSHA, NBAA, DSE & the Minister’s Award for Support on Youth Employment Creation Initiatives through the implementation of the national internship program.
TCC has played a pivotal role in giving back to the community by providing assistive devices to people with disabilities, economic support for poverty alleviation to groups of women entrepreneurs as well as sourcing sustainable solutions for the community & the industry as a whole.
Overall, the last 60 years showcase a marvelous journey, a story of success, of an unending vision, of perseverance & perfection, of dedication & hard work, of leadership in business & unconditional community service, all of this together has helped strengthen the foundation of TCC.
60 glorious years of pride and heritage, bringing back priceless memories of yesterday, celebrating today & a promise for a better tomorrow.