The flurry of new investments into the food market since last year is giving Nigeria’s struggling retail sector a new lease of life after a four-year lull in growth, BusinessDay’s analysis shows.
In October, Africa Capital Alliance (ACA), a pan-African alternative investment firm focused on managing investments across sub-Saharan Africa, with $1.2 billion assets under management, acquired a 31 percent stake in Food Concepts.
Food Concepts is the leading Quick Service Restaurant (QSR) operator in West Africa. The business is focused on the mass market and operates three of the fastest-growing brands, Chicken Republic, PieXpress, and Chop Box across 25 Nigerian states, as well as in Ghana, and an online delivery business growing at over 140 percent year-on-year…
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News Archive from before July 2018