Real estate, diplomatic missions

>Entering into real estate transactions in today’s litigious society without taking advantage of an arbitration clause is like driving a car without a seat belt: it is a dangerous and unnecessary risk. However, most people just cruise through this “Arbitration Clause” part of the contract without really understanding what is happening “there”.

>Well, may be you are one of those people, who have thought of investing in a real estate business, but you do not know how or you are a person, who thinks real estate is for the people whose wealth is almost Sh20 billion. Such ideas come only when we lack knowledge about real estate. Have you ever asked yourself the following questions: what exactly is real estate?

President Dr. Jakaya Mrisho kikwete addresses heads ofdiplomatic missions and international organisations during a New YearSherry Party he hosted on Friday, 9th January, 2015President Dr. Jakaya Mrisho kikwete in a group photo with headsof diplomatic missions and international organisations during a New
Year Sherry Party he hosted on Friday, 9th January, 2015President Dr. Jakaya Mrisho kikwete talks to heads of diplomaticmissions and international organisations during a New Year SherryParty...

Last year, a global online company for property listings, Lamudi extended its business in Tanzania, intending to create a marketing platform for the sector through the Internet.

HURDLES IN OWNING A PROPERTY IN ZANZIBAR

The Arusha International Conference Centre (AICC) unveiled 50 new residential flats and said it was keen on tapping the lucrative real estate sector to add on to the conference business.

“A politician needs the ability to foretell what is going to happen tomorrow, next week, next month, and next year. And to have the ability afterwards to explain why it didn’t happen”

>Publicly-held companies in Tanzania do not have a tendency to raise their capital through issuance of corporate bonds, a situation that denies institutional investors a chance to invest in major firms.

Starting and building one’s wealth may take different forms, but the most acknowledged way is through investing. Yes, you can inherit a fortune, but if you can’t grow that into more investments, sure that wealth will slip-off your fingers like water.