Brief Company History

The principle function of IIG is to serve as investment vehicle and holding company for the
business interests of the Mufuruki family.

To-date, IIG holds controlling and minority interests both directly and through its principal
shareholders in retail businesses (W-Stores Company Limited operating the WOOLWORTHS
deparment stores in Tanzania and Uganda), Information Technology and Telecoms through
Infotech Computers Limited, as a minority stake in the real estate company Infotech Place
Limited. The group employs more than 70 persons in two countries (Tanzania and Uganda).

The Corporate Mission of IIG
To bring together under one roof cutting edge innovations in technology consulting, media
communication, IT, Telecoms, retail and real estate business management.

Company Legal Status

Infotech Investment Group LTD (IIG)
Incorporated in Tanzania on 20th August 1996 under certificate of incorporation no. 30482
Registered with the Tanzania Revenue Authority (TRA) with Taxpayer Identification Number (TIN) 101-055-477.

Company Ownership:
Authorized Share Capital Tshs 2,000,000,000/=
Paid up Share capital Tshs 1,200,000,000/=

Shareholders
Ali A. Mufuruki (88%) graduated in 1986 with a Bachelor of Science degree in mechanical engineering design from the Fachhochschule fuer Wirtschaft und Technik in Reutlingen, German.
Saada Ibrahim Mufuruki (12%)  is a marketing professional who before joining the family business as MD of m&m communications, was the founding Chief Executive of Scan Ad Tanzania LTD. She is a creative design diploma graduate from Kenya Polytechnic.

Holdings

Retail - WOOLWORTHS Brand (49%)
IT and Telecoms (100%)
Beverage manufacturing (Small minority interest)
Real Estate (34%)
BlueTown ApS, Denmark Rural internet solutions (small minority interest)

Professional Services

Legal Counsel
Ador Attorneys
4th Floor Plot 1 Block 76
Corner of Uhuru /Livingstone Street
P.O. Box 5127, Dar es Salaam
TANZANIA

Auditors
BDO Tanzania
565 Kawe – Mwai Kibaki Rd
Infotech Place 2nd Floor
Dar es Salaam
Tanzania

Bankers
Exim Bank Tanzania Limited
Main Branch
Samora Avenue
Dar es Salaam
Tanxania