PrimeTime Expands Munali Mall in Zambia, Strengthening Retail Access

PrimeTime Expands Munali Mall in Zambia, Strengthening Retail Access. Botswana Stock Exchange-listed property investment company PrimeTime has announced the expansion of Munali Mall in Lusaka, Zambia, reinforcing its strategy of growing high-quality, sustainable income streams and investing in necessity-driven retail assets.

Developed in 2018 and anchored by Shoprite, Munali Mall has established itself as a leading convenience retail destination. Its success has been supported by improved access through the expansion of Munali Road, strong residential growth in surrounding areas, and sustained consumer demand. Since the mall’s opening, discussions with Shoprite have focused on enhancing the shopping experience, culminating in the approved expansion of both the anchor store and the wider centre.

The expansion reflects PrimeTime’s commitment to strengthening earnings quality while improving retail access for communities in Lusaka. By investing in necessity-driven assets, the company continues to align its portfolio with consumer needs, ensuring resilience and long-term value creation.

Munali Mall’s growth also highlights the broader trend of retail development in Zambia, where rising urbanization and population growth are driving demand for accessible shopping centres. For PrimeTime, the project underscores its regional strategy of diversifying income sources and reinforcing its presence in key markets.

Company representatives emphasized that the expansion will not only enhance convenience for shoppers but also contribute to local economic activity by supporting employment and strengthening supply chains.

As PrimeTime advances its investment agenda, the Munali Mall expansion stands as a testament to its focus on sustainable growth, community impact, and delivering value to shareholders while meeting the evolving needs of consumers.