Famous Brands cuts funding to its loss-making UK fast food business

SOUTH AFRICA – Famous Brands, South African restaurant franchisor will cut funding to its long-time struggling British fast food operation, Gourmet Burger Kitchen, due to deterioration in sales caused by the coronavirus pandemic. The SA […]

American fast food chain Burger King to set base in the Ethiopian market

ETHIOPIA – Burger King, the global fast food franchise has teamed up with Belayab Foods Production, owner of Pizza Hut chain restaurants to set up operations in Ethiopia. Founded in 1953, Burger King is one […]

Java House launches a new fast food chain brand ‘Kukito’

Kenya – Java House Africa, leading East African coffee and food chain has launched a new brand under its restaurant portfolio dubbed Kukito, specializing in grilled chicken. “In Kukito we are bringing the Kenyan spirit, […]

Famous Brands to take over Kenyan local franchises Steers, Debonairs

KENYA – South African based restaurant franchisor, Famous Brands is set to take direct control over seven outlets of Steers and Debonairs in Kenya previously run by local franchisee Hoggers. Famous Brands is set to […]

AAK develops new flaked fats to enhance taste, texture and crust quality in pizza

SWEDEN – Specialty ingredients provider, AAK has developed a new range of flaked fats to help pizza manufacturers enhance taste and create high quality crust and texture in their products. The new range also offers […]

Private equity firm AEEI mulls increasing stake in Pioneer Foods

SOUTH AFRICA – African Empowerment Equity Investments (AEEI), which also controls Premier Fishing & Brands is considering acquiring a bigger stake at of South Africa’s consumer brand Pioneer Foods, reports Business Day. AEEI Chief Executive […]

Private equity firm ECP buys majority stake in Kenya’s Artcaffe

KENYA (Reuters)– Africa-focussed private equity firm Emerging Capital Partners has acquired a majority stake in Kenyan restaurant chain Artcaffe Group, the latest sign of growing international private equity investor interest in East Africa.  The move […]

Jubilant FoodWorks revenue grows 21% during the second quarter

INDIA – Jubilant FoodWorks Limited, which holds the master franchise for Domino’s Pizza in India has reported 21% rise in revenue to US$120 million during the second quarter, compared to US$99m in the same period […]