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
Warm relations must not come at the expense of fair trade

“I believe that free but fair trade isan absolute imperative”– John E. JamesFor two countries bound by geography, history and deep economic ties, periods of diplomatic strain serve neither side well. President Duma Boko’s efforts to restore momentum to relations with Pretoria deserve recognition, particularly at a time when Southern Africa faces shared challenges ranging from sluggish economic growth and unemployment to energy security...

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