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November 24, 2021

Papa John’s signs franchise deal to expand footprint in Africa

Around 60 Papa John’s restaurants will be opened in Kenya and Uganda over the coming years.

Papa John’s International has entered into a new franchising partnership with Kitchen Express to bolster its presence in Africa.

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The franchise aims to open 60 restaurants in Kenya and Uganda over the coming years. The first four locations are slated to open next year, starting in the Kenyan capital of Nairobi.

Notably, Kitchen Express is a subsidiary of AAH Limited, which holds a majority stake in Hass Petroleum Group.

Currently, Hass Petroleum operates more than 140 petrol stations across ten countries on the continent. The franchise partnership will enable Hass Petroleum to leverage its retail footprint to familiarise new customers in Africa with the Papa John’s brand.

Kitchen Express and Hass Petroleum Group chairman Abdinasir Ali Hassan said: “We are excited to partner with Papa John’s as it continues its expansion around the globe.

“Papa John’s is a company whose vision and values are closely aligned to our own, and this partnership brings together two brands built on a legacy of quality and service.”

Papa John’s is one of the largest pizza restaurant chains in the US. The company has more than 5,500 restaurants in 50 countries and territories, as of 26 September 2021.

In recent years, Papa John’s has expanded into 13 new markets, including Spain, Portugal, Germany, France, Poland, Cambodia and Pakistan.

Commenting on the franchise deal, Papa John’s chief development officer Amanda Clark said: “We are very excited to work with Abdinasir and his team – his knowledge of the business landscape will be instrumental in making Papa John’s the leading pizza brand in both Kenya and Uganda.”

In September, Papa John’s International signed a domestic franchisee development agreement with Sun Holdings. As part of the agreement, Sun Holdings will oversee the opening of 100 new stores across the US state of Texas.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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