Spur takes 51% stake in Nikos grill, seeks to expand restaurant portfolio

SOUTH AFRICA - The steakhouse franchise restaurant chain, Spur Corporation has acquired 51% stake in Nikos Coalgrill Greek chain, a brand that the company believes has the potential to expand to about 50 restaurants nationally over the next few years. Spur CEO Pierre van Tonder said that Spur was seeking out more opportunities in a…

Uganda constructs US$2.37m tea factories under Uganda Development Corporation

UGANDA - Ugandan government under its investment arm, Uganda Development Corporation (UDC) has established two tea factories valued at a cost of US$2.37 million. The Monitor reported the move is part of government's plan to promote value addition in an attempt to align the agro sector to the National Export Development Strategy and National Development…