Brand News

Amazon To Open African Headquarters In South Africa

US retail giant, Amazon has announced that it would be opening its first African office in South Africa with a real estate investment of over R4 billion. This announcement is coming a week after Twitter choose to open its first African office in Ghana.

Authorities in Cape Town noted that Amazon would be occupying a new development in River Club, a prime section of the city. This new development will create 5,239 jobs in the construction phase alone. Along with 19,000 indirect and induced jobs.

Photo by Christian Wiediger

The 15-hectare parcel of land will cost R4 billion and include two precincts. Authorities said the first precinct of 60,000sqm will occupy different layers of development; while the second section of 70,000 will hold Amazon headquarters in Africa.

Cape town city officials noted that “US retail giant, Amazon, will be the anchor tenant, opening a base of operations on the African continent. The development is envisaged to take place in phases, with construction set to take place over three to five years.

It is clear that this development offers many economic, social and environmental benefits for the area. We are committed to driving investment to revitalize the economy, which is slowly recovering following the impact of Covid-19.”

Advertisement
Facebook Comments
Brand News Day

Recent Posts

Stanbic IBTC Bank Nigeria PMI: New Order Growth Sustained In March, But Higher Fuel Costs Lead To Surge In Prices

Stanbic IBTC Bank Nigeria PMI - Growth slowed in the Nigerian private sector at the…

3 weeks ago

LIRS Extends Deadline For Filing Individual Annual Returns To April 14, 2026

The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing individual annual…

3 weeks ago

Stanbic IBTC Hosts Maiden Nigeria Business Summit Aims To Drive Sustainable Growth Across Key Sectors

Stanbic IBTC, a leading financial services provider in Nigeria, successfully hosted the 2026 edition of…

3 weeks ago

WARC Global Advertising Trends: FIFA World Cup 2026 Predicted To Drive $10.5 Billion Surge In Ad Spend

The FIFA World Cup 2026 will be the biggest in the tournament’s history, hosted across…

1 month ago

Stanbic IBTC Economic Summit Delivers Strategic Framework For Navigating Nigeria’s 2026 Investment Landscape

Institutional investors, corporate leaders and economic experts gained practical insights into portfolio positioning at the…

2 months ago

BREAKING: President Tinubu Nominates Taiwo Oyedele As Minister Of State For Finance

President Tinubu has nominated the Presidential Committee on Fiscal Policy and Tax Reforms chairman, Mr…

2 months ago

This website uses cookies.