Mango News

South Africa's $340 million Mall of Africa set to open this month

The largest mall in Africa: South Africa's $340 million Mall of Africa set to open this month

South Africa’s largest shopping center development to date, the $340 million Mall of Africa, will be fully operational in 17 days — on 28 April 2016.

Ikeja City Mall, Lagos, Nigeria

Private equity firm Actis exits its investment in Nigeria's Ikeja City Mall

Ikeja City Mall in Lagos has been sold for an undisclosed amount to two South African property funds, Hyprop Investments Limited and Attacq Limited.

Foschini store in Tyger Valley Shopping Centre, Cape Town, South Africa

South Africa's Foschini to pay $456M to acquire UK retailer Phase Eight from private equity firm TowerBrook

The Foschini Group Ltd. (TFG) agreed to buy U.K. clothing chain Phase Eight from TowerBrook Capital Partners LP, hastening the South African retailer’s international expansion.

Johannesburg skyline | Source: Shutterstock

In South Africa, more evolution than revolution

When Khanyi Dhlomo opened a plush designer boutique here late last year, it revealed as much about the national psyche as it did about the local fashion industry.

Ceddi Plaza, Abuja, Nigeria

New generation of Nigerian consumers is drawing retailers from all over the world

At the turn of the century well-off Nigerians struggled to shop in style. Most had to jostle in local markets to buy food or travel to the UK, US or Middle East to replenish their wardrobes.

Palms Shopping Center, Lekki, Lagos, Nigeria

Global brands and mall developers eye Nigeria's fast-growing market

The appetite of Nigerians for modern retail is growing faster than developers can build space, with international brands clamouring for places they can open stores.