Simbisa Brands appoints new managing director for Kenyan operations

KENYA – Simbisa Brands, Zimbabwe’s largest fast food restaurant has appointed Salim Eceolaza as the new managing director of its quick service restaurant operations in Kenya, reports Business Daily. Mr Eceolaza, a Zimbabwean national, has been serving as the fast food chain’s group finance director and will succeed Mrs Katija Berlee. “We congratulate him on his…

Simbisa Brands postpones plans to list on London Stock Exchange

ZIMBABWE - Zimbabwe’s quick service restaurant group, Simbisa Brands Limited has put on hold plans of its listing on the London Stock Exchange (LSE), reports the Herald. Addington Chinale, the company’s chairman, has said that the company will now focus on growing of the business and working on its readiness before implementation of the plan…

Simbisa Brands launches mobile application to boost delivery efficiencies

ZIMBABWE – Simbisa Brands, the quick service restaurant business owned by Innscor Africa has launched a mobile application dubbed Dial-a-Delivery (DaD) to enhance efficiency in its delivery network, reports the Herald. The platform boosts efficient delivery of products to customers through centralised call centres. Customers place orders through the phone via the DaD application and…

Simbisa Brands revenue increases 33% as it consolidates regional hold

ZIMBABWE - Zimbabwe’s Quick service restaurant (QSR) group, Simbisa Brands Limited’s revenue for the year ended 30 June increased 33% from US$151.1 million to US$204.7 million on expansion, consolidation and acquisitions in the regional markets. The group recorded growth in earnings attributed to increased operating efficiencies and higher revenue streams. Operating profit rose 60% to…

Simbisa Brands to open more fast food outlets in Kenya in an expansion drive

KENYA - Simbisa Brands, Zimbabwe’s largest fast-food restaurant operator has announced plans to open more restaurant and fast-food outlets in Kenya to expand its presence and tame rivals in the country, Business Daily has reported. The quick service and restaurant company operates Chicken Inn, Pizza Inn, Bakers Inn and Creamy Inn in Kenya. According to…

Simbisa Brands gets a go-ahead for stake in Foodfund, targets AIM listing

ZIMBABWE - Simbisa Brands Limited, a quick service and restaurant company has received a nod from shareholders to acquire a 50% stake in the South African restaurant operating firm, Foodfund Investments. At the same time, the board of directors were given the greenlight to seek listing on the London Stock Exchange’s Alternative Investment Markets (AIM)…

Zim’s Simbisa Brands acquires SA’s FoodFund via share issue

SOUTH AFRICA - Simbisa Brands, the Zimbabwean franchise operator of Chicken Inn, Nando’s and Steers has acquired South Africa incorporated FoodFund in its expansion bid into new markets. The company runs quick serve restaurant operations in Zimbabwe and other regional countries such as Mauritius, Ghana, Kenya, Zambia, Namibia and DRC among others. In the year…