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KFC opening four more stores in Kenya, set to enter Rwanda

Fried chicken franchise KFC is expanding in Kenya with four new stores and also planning to enter Rwanda later in 2018. Kuku Foods East Africa, KFC’s East African Franchise holder, has announced plans to open four new branches in Nairobi. …

Sundry Foods

Norfund invests in leading Nigerian fast food player Sundry Foods

The Norwegian Investment Fund for Developing Countries (Norfund) has invested in QSR company Sundry Foods, owner of the Kilimanjaro, Pizza Jungle, Kilishawarma, Nibbles, Suncrust fast food brands. Sundry Foods operates 50 outlets across 11 states in Nigeria. Silk Invest African Food …

PepsiCo agrees to buy South Africa’s Pioneer Foods for $1.8bn

Pepsico has offered R110 ($7.89) a share – a premium 56% over Pioneer Food’s last closing price – to acquire it. Pioneer is a leading South African food manufacturer whose brand portfolio includes Weet-Bix and Bokomo (cereals), Liqui-Fruit and Ceres (fruit juice), Sasko (baked goods), Spekko …

Burger King, Africa

Burger King set to enter Ethiopia with Belayab Foods

Burger King is set to enter Ethiopia, with franchise partner Belayab Foods. Belayab Foods is the Pizza Hut and Cold Stone Creamery franchisee in Ethiopia. In July 2019 it bought the historic Bambis supermarket in Addis Ababa, which it is now …

Peries Foods

Spear Capital acquires a 40% equity stake in chicken processor Peries Foods

Spear Capital, a Norwegian-South African private equity fund, has invested $4.5m for 40% equity in South African meat processing company Peries Foods. The deal values the company, which specialises in chicken, at $11.25m, will help fund expansion across sub Saharan Africa. …

Krispy

Krispy Kreme’s flagship store in Nigeria is shut by regulators

Krispy Kreme’s flagship store in Nigeria was shut by National Agency for Food and Drug Administration and Control, (NAFDAC) on 8th August 2018 after the Consumer Protection Council (CPC), discovered expired products in store. The discovery was made during a …

Starbucks

Starbucks’ South African franchisee Taste Holdings abandons growth plans

After nearly three years in South Africa, it looks like the Starbucks franchise may have reached the end of the road as franchisee Taste Holdings abandons expansion plans. Starbucks entered South Africa in April 2016. Franchisee Taste Holdings, owner of the The …

Talamo Foods

Talamo Foods expands to yoghurt market in Namibia

Namibian family-owned Talamo Foods has started producing yoghurts, the company announced earlier this month. Although not a recent player in the food and beverage market, Talamo Foods is relatively new to the dairy industry and thus the move represents a …