The construction of hotels, malls and mixed-use buildings is consistent with Africa’s rising middle class coupled with the lack of formal retail infrastructure. Africa’s middle class rose from 26 percent of the population (111 million) in 1980 to 34.3 percent (313 million) of the population in 313 million in 2010, according to the African Development Bank.
| COUNTRY | CONSTRUCTION PROJECT | COST | DEVELOPER/
INVESTMENT SOURCE |
|
Botswana |
Airport Junction Mall, Gaborone |
$46 million |
Eris Property Group (South Africa) & Botswana Insurance Fund Management (Bifm) |
|
Botswana |
Rail Park Mall, Gaborone |
$39 million |
Botswana Rail; Botswana Insurance Fund Management (Bifm) |
|
Cameroon |
* World Trade Center; Hotel, Douala; * Cardiac Centre in Shisong, Kumbo
|
Italy |
|
|
Ethiopia |
ICT Park (Technopolis) |
$45 million |
China |
|
Equatorial Guinea |
Malabo City: mixed-use development: hotels, residential property, shopping malls |
$300 million |
Imotec (Serbia) |
|
Gabon |
Radisson Okoume Palace Libreville Hotel |
Carlson Rezidor Hotel Group (USA) |
|
|
Ghana |
State Tower Bloc |
$63 milllion |
China State Hualong Construction of Ghana Ltd. |
| Kenya | ICT Park – Konza Technology City | $9.6 billion | Kenya government |
|
Lesotho |
Maseru Mall: fully-integrated shopping mall with public transport facilities and other complementary commercial uses
|
$45.8 million |
Eris Property Group, South Africa; Group Five Lesotho |
|
Mauritius |
Mall of Mauritius, Bagatelle |
Atterbury Developments, (South Africa); ENL Proeprty (Mauritius) | |
| Mozambique | Park Inn by Radisson Tete Hotel; Radisson Blu Hotel Maputo | Carlson Rezidor Hotel Group (USA) | |
| Namibia | Keetmanshoop Retail Center | US9.8 million |
Old Mutual (South Africa) |
| Nigeria | Eko Atlantic City
|
$6 billion |
Lagos State Government; South Energyx Nigeria Ltd. |
| Nigeria | Park Inn by Radisson Abeokuta | Carlson Rezidor Hotel Group (USA) | |
| Nigeria | * Protea Hotel Ibadan, Oyo State;
* Protea Hotel Select Emotan – Benin City, Edo State, * Protea Hotel Select Ikeja, Alausa, Ikeja, Lagos * African Pride Avalon Hotel and Spa, GRA Ikeja, Lagos * Protea Hotel Asaba, Asaba, Delta State |
Protea Hospitality Group (South Africa) |
|
| Nigeria | Radisson Blu Anchorage Hotel, Lagos
|
Carlson Rezidor Hotel Group (USA) | |
| Rwanda | Radisson Blu Hotel Kigali | Carlson Rezidor Hotel Group (USA) | |
| Senegal | Radisson Blu Hotel, Dakar | Carlson Rezidor Hotel Group (USA) | |
| Sierra Leone | Radisson Blu Mammy Yoko
Hotel, Freetown
|
Carlson Rezidor Hotel Group (USA) | |
| Zambia | Radisson Blu Hotel Lusaka | Carlson Rezidor Hotel Group (USA) | |
| Zambia | Roma Park – residential and commercial development, Lusaka | CPD Properties (Zambia) & Renaissance Partners (Russia) | |
| Zambia | Society House tower, Lusaka | $100 million | Private Zambian and South African consortia |
| Zambia | Levy Junction. mixed-use development | $200 million |
Liberty Life (South Africa) |
| Zimbabwe | Mall of Zimbabwe at Millennium Park, Borrowdale West |
$100 million |
City of Harare; Augur Investments; McCormick Property Development; West Group |
