Who Owns & Anchors Nigeria’s 18 Largest Shopping Malls?
Traditional markets still trump formal retail supermarkets in Africa.
Nigeria has just a handful of formal shopping centers each with more than 10,000 square meters (107,600 square feet) of leasable space. But that’s changing. Several large malls are under construction in Nigeria.
Sixty percent of South Africans shop in formal retail supermarkets compared to 2 percent of Nigerians, according to VenturesAfrica and BusinessDaily…