Property returns good in 2013

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Investors in the property sector raked in returns as high as 17.9 percent, more than double the average inflation rate, a report by international property market experts, Investment Property Databank (IPD) shows.

Big property companies have set eyes on the African market, where returns are good. Turnstar Holdings Limited is making it big in Tanzania while PrimeTime is targeting Zambia, as it expands into Africa. 

The IPD reports that property investment has remained the only investment choice with significant inflation beating returns buoyed mostly by the retail and residential sectors, which recorded returns as high as 16.6 percent and 24.4 percent respectively in the year 2012.

Editor's Comment
Women in Politics caucus NGO, a welcome development

In the 2014 General Election, women who stood for parliamentary elections were a mere 17 out of a total of 192 aspirants, and sadly the number dropped to 11 out of 210 parliamentary aspirants in the 2019 General Election. Hopefully, registration of the Women in Politics Caucus will give women the necessary support to join politics. While things were slowly improving, women for a long time were at the receiving end as compared to their male...

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