
More than 60% of global marketers optimistic about business in 2024
While marketers in many countries are worried about a recession, there is also optimism regarding the business climate and marketing budgets.
QUICK-SERVICE RESTAURANTS
By our News Team | 2023
Partnership with a local company will see a rollout of 50 Herfy quick-service restaurants in Nigeria over the next decade.
Herfy Food Services, a fast-food chain based in Saudi Arabia, has extended its business into Africa with the launch of two franchise brands in Abuja and one in Kano, Nigeria.
Local operations within Nigeria are being handled by Eatrite Food Services West Africa, which signed an agreement in 2021 with Herfy. In total, Eatrite plans to open 50 Herfy outlets in Nigeria over the next 10 years.
Photo courtesy of Herfy via Facebook
Herfy is well-established in the Saudi-Arabian market, having opened its first outlet in 1981. It currently has 285 restaurants in the country, which serve mainly burgers and chicken wraps.
Within Nigeria, Herfy will be competing with major international QSR brands such as KFC, Pizza Hut and Burger King.
According to the Association of Fast-Food Confectioners of Nigeria, the country’s organised fast-food industry is estimated to be worth US$602-million and has been growing at a 10% annual rate in recent years.
Increased urbanisation and a growing middle class
Among the reasons for the rapid growth are said to be increased urbanisation, a rising middle class, changing consumer lifestyles and increased adoption of digital innovation.
“Every QSR must prioritise consistency and quality if it wants to succeed in the long run. Customers [must] expect the same level of consistent, high-quality service each time they enter a restaurant. This boosts consumer confidence in the brand and may greatly affect the entire enterprise,” the Association of Fast-Food Confectioners of Nigeria said in a recent statement discussing the QSR sector.
Speaking during the launch of the Herfy brand in Nigeria, Eatrite Chairman, Alhaji Isa Inuwa, said it would provide employment for about 10,000 people, both directly and indirectly, while offering a variety of world-class products to consumers.
He added that the bringing together of economic interests by Nigeria and Saudi Arabia would enhance diplomatic relations between both countries.
The Nigerian-Saudi Chamber of Commerce was established in the second half of 2022 to boost business and promote trade between the two countries. The launch of the first store was attended by His Excellency Faisal Bin Al-Ghamdi, the Saudi Arabian ambassador to Nigeria.
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Dr. Kin Kariisa is an extraordinary force at the helm of Next Media Services, a conglomerate encompassing NBS TV, Nile Post, Sanyuka TV, Next Radio, Salam TV, Next Communication, Next Productions, and an array of other influential enterprises. His dynamic role as Chief Executive Officer exemplifies his unwavering commitment to shaping media, business, and community landscapes.
With an esteemed academic journey, Dr. Kariisa’s accolades include an Honorary PhD in exemplary community service from the United Graduate College inTexas, an MBA from United States International University in Nairobi, Kenya, a Master’s degree in Computer Engineering from Huazong University in China, and a Bachelor’s degree in Statistics from Makerere University.
Dr. Kariisa pursued PhD research in Computer Security and Identity Management at Security of Systems Group, Radboud University in Nijmegen, Netherlands. As a dynamic educator, he has shared his expertise as a lecturer of e-Government and Information Security at both Makerere University and Radboud University.
Dr Kin did his PhD research in Computer Security and Identity Management at Security of Systems Group, Radbond University in Nigmegen, Netherlands. He previously served as a lecturer of e-Government and Information Security at Makerere University in Kampala, Uganda and Radbond University in Netherlands.
Dr Kin did his postgraduate courses in Strategic Business Management, Strategic Leadership Communication and Strategies for Leading Successful Change Initiatives at Harvard University, Boston USA.