Every listed property fund that has reported results so far this year has managed to raise income payouts by more than 10%. That suggests that the commercial property market - unlike its residential counterpart - still has some steam left
With share prices of property stocks down around 15% over the past month, the income yields available on some counters have now breached 10%
Uganda moved swiftly to calm jittery investors in the telecommunications sector after a confidential memo by President Yoweri Museveni suggesting the government might go back on its agreements with MTN Uganda and Uganda Telecom (UTL) became public.
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