Sector : Industrial & Allied
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.