ZIMBABWE –Businessman Shingi Munyeza has clinched three more international restaurant franchises as he seeks to extend his dominance in the fast-food sector.
SOUTH AFRICA – The franchise sector’s turnover has reached R300bn and it is contributing significantly to the country’s gross domestic product GDP, says the Franchise Association of SA.
ETHIOPIA – A second group of franchised restaurants in Ethiopia will be established following an agreement signed between Spur Corporations, an internationally branded restaurant franchisor and a newly established Ethiopian company, Cucina Trading Plc.
SOUTH AFRICA – Pick n Pay has delivered a 28% rise in full-year headline earnings per share to 177.26c, topping market forecasts.
ZAMBIA – Pizza Hut will open about eight outlets across the country this year following a positive performance of its first outlet at Lusaka’s East Park Mall.
SOUTH AFRICA – Pick n Pay expects its full-year earnings to increase by as much as 30%, supported mainly by cost cuts.
NIGERIA – Nigeria’s retail sector is being revolutionised by the increasing number of shopping malls springing up in major cities including Lagos, Abuja, Port Harcourt, Aba and Kano, analysts say.
KENYA – Beer maker East African Breweries Limited has opened its first retail shop for high-end spirits at the Yaya Centre shopping mall, in which premium brands such as the Johnnie Walker Odyssey will be selling for up to Sh160,000.
KENYA – Budweiser, one of the world’s biggest selling beers, is set to make an entry into the Kenyan market next week stepping up competition for local alcohol consumers’ wallets.
SOUTH AFRICA – Western Cape fruit and wine exports are on the rise, with the provincial government pushing for increased market access for the region’s high-quality produce.