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Developed by the Amdec Group, Marriott's AC Hotels brand opened its doors in Cape Town closer to the Victoria & Alfred Waterfront.

Marriott's AC Hotels brand makes its debut in Africa

NASDAQ-listed Marriott International recently announced the official opening of the AC Hotel Cape Town Waterfront at The Yacht Club, marking the debut of the brand first in Africa. ... Full story

Botswana’s economy grew at a slower pace of 0.5 percent in the third quarter of this year after growing 2.5 percent in the second quarter.

Botswana's economy slows in third quarter of 2018

Botswana’s economy grew at a slower pace of 0.5 percent in the third quarter of this year after growing 2.5 percent in the second quarter, data from the statistics office showed on Friday. ... Full story

Edcon which owns Edgars Stores, Jet and CNA, has been under extreme financial pressure over the past few years.

A sigh of relief as SA retailer Edcon approved recapitalization plan

Owners of South African malls can now breathe a sigh of relief as the Edcon board recently approved the structure of a proposed recapitalization plan and in response, lenders have extended waivers to allow time for the company to turn itself around. ... Full story

Artist impression of Sawanga Shopping Mall in Victoria Falls which is now 65% complete.

$13m Vic Falls shopping mall underway in Zimbabwe

The $13 million Sawanga Shopping Mall in Victoria Falls is well under-way and promises to offer a brighter shopping experience for local residents and tourist visiting Zimbabwe's beauty. ... Full story

Edcon which owns Edgars Stores, Jet and CNA, is asking South Africa’s big shopping Mall Owners to reduce its rent in order for it to survive.

South African retailer Edcon battles with Rent

Clothing giant Edcon has asked owners of South African malls in which it operates for a 41% reduction in rent as its seeks to secure funding to stave off liquidation ... Full story

Joint CEO Friedrich Esterhuyse said that Tradehold was in the final stages of restructuring its business to strengthen the focus on its property markets in the UK and SA

Namibian-based property firm Tradehold considers restructuring

Namibian-based and JSE-listed Tradehold has announced it will unbundle its financial services assets, as it aims to invest solely in property. ... Full story

Atterbury has completed the first-phase development of its $20m Pemba Shopping in Mozambique’s port city of Pemba, the capital city of the Cabo Delgado province.

Property developer on track with mall in Mozambique’s Pemba

Property developer and investor Atterbury has completed the first-phase development of its $20m Pemba Shopping in Mozambique’s port city of Pemba, the capital city of the Cabo Delgado province. ... Full story

Angola's Economy forecast to climb 2.1% in 2017, according to Finance Minister Archer Mangueira.

Angola looks forward to year of Growth

Angolan government is confident that it expects economic growth to pick up this year as inflation slows closer to its target, Finance Minister Archer Mangueira said. ... Full story

Mauritius trade deficit widens 15.6 pct y/y in February

Mauritius trade deficit widens 15.6 pct y/y in February

Mauritius' trade deficit widened 15.6 percent to 5.64 billion rupees ($160.68 million) in February from the same period a year earlier due to a fall in exports of manufactured goods, the statistics office said on Friday. ... Full story

This year has been challenging for listed property especially in South Africa but the sector has nevertheless performed, said Ortneil Kutama.

South African real estate market survives torrid 2016

This year has been challenging for listed property especially in South Africa but the sector has nevertheless performed. ... Full story

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