Africa

Stor-Age Property REIT, which operates self-storage facilities in South Africa and the United Kingdom, has launched a collection campaign to help distribute water to residents of Cape Town, South Africa. The city is experiencing a water crisis in...

Northgate Self-Storage of Randburg, South Africa, is supporting the Owl Rescue Centre of Hartbeespoort, a resort town north of Johannesburg. The storage facility at 220 Elsecar St. will serve as a drop-off location for the donation of plastic...

Since opening in 2011, Giba Storage has grown aggressively to keep pace with the demand for self-storage in Westmead, South Africa. Now the operator is meeting yet another need—clean energy—with the addition of solar panels.

Update 10/26/17 – Stor-Age has closed its funding round, raising R1.275 billion of equity to use in its acquisition of Storage King. Shares sold at R11.50 each, with the capitalization reaching the maximum allowed, according to a press release...

Update 10/11/17 – Stor-Age intends to move forward with its StorTown purchase by acquiring 99.9 percent of DanCor shares for R145 million. The transaction is expected to occur through subsidiary Roeland Street Investments, according to the source...

Stor-Age Property REIT, which operates the Stor-Age Self Storage brand in South Africa, has released its earnings report for the fiscal year that ended March 31. The company reported its third consecutive period of growth, achieving large gains in...

The South Africa self-storage industry is still very young, but its future is bright. The manager of Bloem Self Storage in Bloemfontein shares his observations on consumer awareness, development, rental rates and more.

Although the South African self-storage market is blossoming, the industry has yet to take root in East Africa. Aptus Capital Co-Founder Gerardo Segura explains why his company is eyeing Kenya for new storage development.