Tanzania lays Turnstar's golden egg
Friday, July 11, 2025 | 330 Views |
Shining star: The Mlimani asset is proving a revenue spinner for Turnstar
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.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...