If this is not a sign that the heartbeat of Africa is pumping hard then i dont know what is.
The growing market of people with incomes and interests in fashion is proving as an opportunity for fashion brands to enter this market. Young Africans are as clued up on trends and fashion and this news shows that the brands out there and retailers are recognising this too. With the ongoing news of Walmart and their probable Massmart acquisition in South Africa, with BBC news reviewing the Arise Magazine Fashion Week in lLagos, Nigeria shows that there is an interest developing in the region and it doesn’t look like its slowing down. For example German sports brand Puma (obviously one close to my heart) has plans to open stores in Kenya (all to be confirmed but that is the news out there). Converse have been cited to open big stores in Kenyan malls this summer, as well as plans for some in Uganda and Rwanda too According to Fashionmag.com malls to open are as follows…
* West End, Nakuru — a 130,000 square feet mall planned for one of Kenya’s fastest growing towns.
* Nyali Mall– located in Kenya’s second-biggest city Mombasa, the 130,000 sq feet Nyali mall will have an extra 80,000 sq feet by the end of 2011.
* Developers are working on two new malls in the capital Nairobi. The 130,000 sq feet Greenspan located in the densely-populated Donholm and an 80,000 sq feet centre on the busy Kiambu Road leading to the central business district.
* Nakumatt Junction, one of the busiest malls in Nairobi, is expanding its floor space to a total 240,000 sq feet.
The commercial capital of Dar es Salaam will have two more shopping centres this year
*Viva Towers, a 21-storey multi-purpose complex, and Dar Village which is still under construction. Kenya’s leading supermarket chain Nakumatt wants space in both malls.
* The mulit-purpose 18-storey Kigali City Towers will open its doors in June. Nakumatt says it will be the anchor shop.
* Acacia Plaza in the capital Kampala will be the biggest mall in Uganda at 200,000 sq feet and is scheduled to open in the last quarter.
This is fantastic news and very very exciting. East Africa is definitely on the up!