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Choppies Enterprises has announced plans of exiting the South African market, a few years after expanding into the country

Botswana-based grocery retailer to exit SA market

With South Africa’s economic showdown taking its toll on commercial property and mall owners, Botswana's budget retailer Choppies Enterprises has announced plans of exiting the South African market, a few years after expanding into the country ... Full story

According to the project owners, Mikalile Investments, construction started in May and the company intends to complete phase one (the Mall) by next year.

$20m earmarked for Hotel and Shopping Centre development in Zambia

Kasama, a city in the Northern Province of Zambia, is in for $20 million commercial transformation, that will see the development of a new four-star hotel and shopping mall at Kasama Golf Club (KGC). ... Full story

The economic summit, which will take place from July 31 to Aug. 1 in the capital Windhoek, is aimed at reviving and growing the Namibian economy.

Namibia expects to attract $1 billion worth of investments

Namibia is to host a two-day economic summit which is expected to attract at least $1 billion worth of investments over the next two years, the Ministry of Information and Communications Technology said on Wednesday last week. ... Full story

The surprise move comes a few days after President Emmerson Mnangagwa told journalists that the country would have a new currency by March next year.

Zim outlaws SA Rand and US Dollar, opts for own Currency

Zimbabwe has effectively outlawed the use of a multi-currency payment system, which is seen as an attempt to stop the country's ever-rising black market exchange rate. ... Full story

Gary Steffen, Global Head Canopy by Hilton and Rudolf Pienaar, Chief Development and Investment Officer, Growthpoint shaking hands after signing the agreement.

Africa gets its first Canopy by Hilton hotel brand

Hilton (NYSE:HLT) announced the signing of a management agreement with Growthpoint Properties, South Africa’s largest REIT, to open a hotel under its lifestyle Canopy by Hilton brand. ... Full story

The newly-opened Maputo-Katembe Bridge is the longest suspension bridge in Africa.

Massive Infrastructure boom for Maputo

A tarred road, culminating in Africa’s longest suspension bridge, now connects northern KwaZulu-Natal and Maputo — the latest in a line of infrastructure upgrades centered on the Mozambican port city ... Full story

Investment activity recovered notably year-on-year. This is partly attributed to a marked improvement in investor confidence on the back of Cyril Ramaphosa’s appointment as President of South Africa, said Zandile Makhoba.

SA’s commercial property in 'significant' turnaround

South Africa’s commercial property market made a “significant turnaround” in terms of investment activity last year by increasing 63.4 percent to R19 billion, according to the JLL Sub-Saharan Africa 2018 Investment review released yesterday. ... Full story

Even though the Zimbabwe property market faces many challenges, it has always been characterized by a high demand and a corresponding low supply – ensuring that the market has always been very active.

A snapshot of the property market in Zimbabwe

Even though the Zimbabwe property market faces many challenges, it has always been characterized by a high demand and a corresponding low supply – ensuring that the market has always been very active. ... Full story

An artist impression showing South Africa’s $8 billion Smart City 'dead in the water'.

SA’s $8 billion Megacity development dead in the water

South Africans were caught up on an ambitious smart-city development less than 20km away from Sandton, dubbed the ‘New York of Africa’, which didn’t progress beyond computer-generated artist impressions. ... Full story

Edcon, the largest non-food retailer in South Africa which owns Edgars, Jet and CNA, has secured $191 million from lenders, landlords and the Public Investment Corp.

SA retailer Edcon gets $191m from public, landlords and lenders

Edcon, the largest non-food retailer in South Africa which owns Edgars, Jet and CNA, has secured $191 million from lenders, landlords and the Public Investment Corp. ... Full story

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