By The Citizen Reporter
Media/news company
Mwananchi Communications Limited
Unguja. Real estate developer Shivo Tanzania has reported strong early-stage growth, signalling rising investor confidence in Zanzibar’s fast-expanding property market as it positions for large-scale project delivery in Paje.
In a statement, the company said it generated $9.75 million in off-plan sales within its first two and a half years of independent operations, converting $5.75 million into cash inflows an early cycle performance that stands out in a market where developers typically rely heavily on phased buyer payments to fund construction and expansion.
