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Africa Poses Retail Opportunities, Challenges

CAPE TOWN-Angola, Namibia and Botswana could all follow South Africa's path of modern shopping-center development, but infrastructure woes pose a problem.

By Debra Hazel | Updated on October 05, 2007

CAPE TOWN-Though not for the timid, sub-Saharan Africa could prove to be the next boom in retail real estate, investors and developers noted at a session at the International Council of Shopping Centers’ Retail World Summit here.

Some countries are seeing rapid GDP growth – Angola alone will see a 20% rise in GDP this year – but infrastructure problems, and even the lack of basic property title hamper the development process.

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