Quantum Global's Hotel Fund Acquires Mövenpick Ambassador Hotel Accra…
Currently MH has a portfolio of 27 properties in operation in seven countries in Southern and East Africa, with a further pipeline of two new resorts under development in North Africa
Huge advances in mobile technology and the proliferation of smartphone apps have made travel easier, but choosing the right app for your next trip
In SA, Famous Brands produces 265,000 cups of specially blended coffee a day. With 2,175 restaurants, the company, whose brands include Wimpy, Steers and Mugg & Bean, also makes 77m ice-cream cones a year. It's the big daddy of SA franchising, with a R9,7bn market capitalisation, and it wants to repeat its local success in the rest of Africa.
Zeenat Moorad 16 Sep 2013
Famous Brands has reported that its franchise sales increased 16.8% in the March to May quarter with a 16% improvement in South Africa and a 27.2% improvement in the rest of Africa region.
Economies in sub-Saharan Africa will ride out the bumpy global recovery in the next few years to post growth rates not seen outside Asia, the IMF said in its latest economic forecasts Tuesday (16 April).
Franchise restaurant group Spur Corporation last week reported diluted headline earnings per share of 89.91c for the six months ended December‚ up 35.3% from the previous period.