Ching Ching For Food Franchises In Zim

September 12, 2011 by Cris | 0 Comments


Cash is proving to be king for fast food operator, Innscor Africa, which runs franchise outlets for Nando’s, Chicken Inn and Steers counters mainly in Zimbabwe, Zambia, Kenya and Ghana.

Innscor Africa, a blue chip company on Zimbabwe’s stock exchange, has other operations such as retailing, baking and food processing. For the year ended June 30, the diversified conglomerate recorded revenues of $516.14 million while operating profit stood at $47.66 million – pointing to an after tax profit of $41.33 million.

And attesting to the fact that the fast foods retail silo is raking in the cash for the company, chairman David Morgan said this week that the “group acquired the non controlling interest” in both its “local and regional fast foods franchising operations”.

In Franchise Site

How Robots Are Making Us Happier
Wearable Intelligence in Energy
April Fools: Helium Beer
Wearable Intelligence in Healthcare
Pixar: The Math Behind the Movies
Watch Silicon Valley Episode 1
The Body Dryer
How Does Cryogenics Work?
Robo-Suit Body Extender
The Secret Science Behind Advertising

Related Posts

Related Resources


No comments yet.

Leave a Reply

Comment moderation is enabled. Your comment may take some time to appear.