KFC News

Buffalo Mall, Naivasha, Kenya

East Africa's second-tier cities hold untapped potential

Retail in Kenya is dominated by informal sellers, but recent years have seen a boom in modern trade, with home-grown supermarket chains expanding their footprint and international brands (such as Carrefour and Massmart’s Game banner) entering the market.

Derrick Roper, CEO, Novare Equity Partners. Source: financialmail.co.za

Africa's emerging markets will come back into view: Derrick Roper, CEO, Novare Equity Partners

Private equity fund managers, who adopt longer term time horizons than traditional asset managers, are showing renewed interest in African investment opportunities.

Ikeja City Mall, Lagos, Nigeria

Private equity firm Actis exits its investment in Nigeria's Ikeja City Mall

Ikeja City Mall in Lagos has been sold for an undisclosed amount to two South African property funds, Hyprop Investments Limited and Attacq Limited.

$60M Achimota Retail Centre in Ghana opens

$60M Achimota Retail Centre in Ghana opens

The latest shopping mall development to be complete in Ghana – the $60 million Achimota Retail Centre located in north-eastern Accra – opened its doors today to the delight of locals.

Kenya's Two Rivers Development will be the largest lifestyle center within Sub-Saharan Africa (ex. South Africa).

Private equity firms backing surge of retail developments in East Africa

East Africa’s shopping landscape is slowly changing with the construction of multi-million dollar centres in prominent cities.

Stock Market

Samba Foods becomes first Ghanaian company to list on Ghana Alternative Market (GAX)

Samba Foods Limited, an indigenous food processing and preservation business, became the first local company to list and trade its shares on the Ghana Alternative Market (GAX).

Burger King to expand to six new African countries before the end of 2015

Burger King to expand to six new African countries before the end of 2015

Burger King Worldwide Inc. plans to enter new African countries before the end of the year as it follows Yum! Brands Inc.’s KFC chain in tapping demand from the continent’s middle class.

Protea Hotel Fire & Ice! Melrose Arch, Johannesburg, South Africa. In April 2014, Marriott acquired Protea.

It's time to invest in Africa - Here are 3 ways to get started

Don’t underestimate how important Africa has become to the global economy. Across the continent, including Sub-Saharan Africa, business and infrastructure projects are booming, prompting comparisons with China 20 to 30 years ago.

Yum! Brands

Pizza Hut, KFC, Taco Bell: Africa is where Yum! Brands' growth could come from next

Yum! Brands (NYSE: YUM), the parent company of fast-food restaurant chains KFC, Taco Bell, and Pizza Hut, realized massive growth and profits from expanding its KFC and Pizza Hut restaurants in China in the last few decades.

Doug Smart, General Manager, KFC Africa

How to succeed in selling to consumers in South Africa

Doug Smart, KFC’s general manager in Africa, is mulling the challenges his company faces in appealing to a cross-section of South Africans one morning at a restaurant in Johannesburg.

Ceddi Plaza, Abuja, Nigeria

New generation of Nigerian consumers is drawing retailers from all over the world

At the turn of the century well-off Nigerians struggled to shop in style. Most had to jostle in local markets to buy food or travel to the UK, US or Middle East to replenish their wardrobes.

Palms Shopping Center, Lekki, Lagos, Nigeria

Global brands and mall developers eye Nigeria's fast-growing market

The appetite of Nigerians for modern retail is growing faster than developers can build space, with international brands clamouring for places they can open stores.

Pizza Hut

Pizza Hut looks to grab slice of South Africa's restaurant market

The Pizza Hut restaurant brand has returned to South Africa, with the first outlet expected to open in Johannesburg next week.