MORE THAN 223 NEW SHOPPING CENTRES ARE EXPECTED TO BE OPENED IN AFRICA BY 2018

By the year 2018, more than 223 new shopping centres are expected to be opened across the continent and the total surface area (GLA), excluding South Africa, is expected to reach 10 million m² by the year under review.

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INDIA, TANZANIA PLEDGE TO BE DEVELOPMENT PARTNERS

DURING his meeting with Tanzania President Jakaya Mrisho Kikwete in New Delhi – who was in India on a five-day visit from June 17-21 this year – Prime Minister Narendra Modi said that India was committed to transform Dar es Salaam into a regional business hub.

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Africa will be second-fastest growing region for luxury goods through 2019

Rising 5.6% a year, Africa’s luxury retail sales may reach $5.2 billion by 2019.

This is the second-fastest growth rate globally, Euromonitor estimates, trailing only the Middle East.

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