CFAO plans 80 malls across Africa, opens $66M mall in Abidjan

A makeup booth at Carrefour in Abidjan

French distribution group CFAO opened its first shopping mall in Africa on Friday, a $66 million centre in Ivory Coast‘s commercial capital Abidjan, as part of a major drive to tap into the growth of Africa’s middle classes.

The mall, a collaboration with French retailer Carrefour, is the first of 80 that CFAO plans to open in eight countries in West and Central Africa in the next decade. Some 20 percent of Abidjan’s 5 million residents are considered middle class, and CFAO plans to open a dozen smaller malls there.

CFAO, which stands for Comptoir Francais de l’Afrique de l’Ouest, is active in the vehicle, pharmaceutical and computer sectors and is 97 percent owned by Japanese company Toyota Tsusho Corp.

Read more: Cote d’Ivoire: CFAO plans 80 malls across Africa, opens $66 million mall in Abidjan | West Africa

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