Aggressive expansion offsets contracting average spend
Local operations’ sales were 4% firmer compared to prior year despite a 3% contraction in average customer spend.
By Morgan & Co
Mar. 7, 2025
Simbisa braces for fast-food tax
The value of local assets rose to US$129,93 million during the period under review, from US$123,23 million as of June 30, 2024.
By Tatira Zwinoira
Feb. 28, 2025
Simbisa appoints Mudzengi new FD
QUICK service restaurant, Simbisa Brands Limited, has appointed David Mudzengi new group finance director.
By Lee Musaidzi
Feb. 5, 2025
Simbisa to expand Zim footprint
The group’s overall revenue grew by 6% year-on-year, with customer counts rising 7% versus prior year while real average spend fell 1%.
By Tatira Zwinoira
Nov. 20, 2024
Simbisa disposes of Mauritius, Zambia and Ghana operations
The Victoria Falls Stock Exchange listed restaurant chain’s origins can be traced back to 1987 when the first Chicken Inn branch was opened in Harare.
By Rufaro Hozheri
Oct. 11, 2024
Simbisa to sink US$17,8m in FY25 for expansion, modernisation
In its report for the year ended June 30, 2023, Simbisa announced it would open 92 new stores at a total cost of more than US$22 million in the following comparative year.
By Tatira Zwinoira
Oct. 2, 2024
Bakers Inn restructures, cuts staff after US$1m loss
The restructuring was driven by escalating operational costs, which had severely impacted the company's viability.
By Tafadzwa Mhlanga
Aug. 16, 2024
InnBucks, beyond what meets the eye
My first interaction with Innbucks was at a Simbisa outlet back in 2021, and just like any new product on the market, it was under some promotion of some sort.
By Rufaro Hozheri
Apr. 26, 2024
Simbisa declares strong profit growth
In its interim financial for the half year ended December 31, 2023, the company’s chairperson Addington Chinake said revenue rose by 7,4% to US$147,75 million.
By Tafadzwa Mhlanga
Mar. 1, 2024
Premium
Court summons pile up on contractors doorsteps... as unpaid govt works take a toll on firms
Local News
1h ago
Premium
RioZim bosses under fire over tax blackhole...Zimra goes after top brass’ cars
Local News
By Lee Musaidzi
May. 2, 2025
