Mmegi

Tanzania lays Turnstar's golden egg

Shining star: The Mlimani asset is proving a revenue spinner for Turnstar
Shining star: The Mlimani asset is proving a revenue spinner for Turnstar

Botswana’s largest listed property company, Turnstar Holdings, has posted strong results, doubling down on its Tanzania assets for growth.

The Dar es Salaam property, now firmly established as Turnstar’s largest revenue contributor, not only boosted the group’s profits but also reaffirmed the east African country’s role as the cornerstone of Turnstar’s future growth strategy.

In its recently published annual report, the company credited Mlimani City as the key stabiliser for the group’s earnings, noting that its performance continues to mitigate country-specific economic pressures.

Editor's Comment
Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

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