American multinational technology company, Amazon, has concluded plans to set up its African base in South Africa with a real estate investment of over R4 billion (N106bn).
This is coming less than a week after Twitter chose Ghana as the location for its first African office and headquarters.
Authorities in Cape Town said Amazon would be occupying a new development in River Club, a prime section of the city, local media reported.
Business Tech reported that the 15-hectare parcel of land that Amazon is investing in will cost R4 billion and include two precincts, adding that the first precinct of 60,000sqm will occupy different layers of development and the second section of 70,000 will hold Amazon headquarters in Africa.
“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,” Cape Town city officials said in a statement.
Amazon has had its web engineering giant AWS in South Africa for years, but its main e-commerce services have not been available anywhere on the continent.
