Importance of Shopping Malls in Africa

Africa is urbanizing incredibly fast. In 1990, just over a quarter of Africans lived in cities. By 2025, more than half of them will live in cities, this is a population of 700 million people. At the same time, Africa has the world’s fastest growing middle class. At the confluence of these two trends are malls. Retail is the hottest investment area in Africa right now, surpassing even natural resources, forever the continent’s main investment draw. Hundreds of shopping malls have opened all over Africa in the past couple of decades.

Here is the Manda Hill Mall in Zambia, an example of the world class shopping malls now present all over Africa.