+263 242 496 886 He comes from an investment background and is a seasoned business leader in Zimbabwe. Innscor Africa Limited is a manufacturer of consumer staple and durable goods for the mass market through a managed and where strategically appropriate, integrated portfolio of businesses. Disposed SPAR Zambia Limited and The River Club. It may be because of this background that you find Innscor management working towards adding value to their principals. Opened the first SPAR Corporate store in Zambia. Innocorp View the company background of Innocorp, including their addresses, telephone numbers, fax numbers, industry and the details of their ⦠www.innscorafrica.com, Corpserve Registrars Harare, Zimbabwe Secured Nandoâs Franchise and opened the first Nandoâs store in Avondale, Harare. The EV/EBITDA NTM ratio of Innscor Africa Limited is significantly lower than the average of its sector (Food Products): 9.76. Acquisition of 50.64% interest in Probottlers (Private) Limited. Simbisa is in the business of selling fast foods through 388 outlets in 11 countries as at 31 August 2015. Chapter two is a review of literature based collectively on opinions of practitioners in the field and explores what other authors have researched and proposed relating to the causes of a decline in profit. ialshares@innscorafrica.com ZB Centre Harare, Zimbabwe Avondale The INN stock closed its last trading day (Tuesday, May 11, 2021) at 82.6619 ZWL per share on the Zimbabwe Stock Exchange, recording a 3.33% gain over its previous closing price of 80.00 ZWL. Our vision is to create value for our customers, our people and our shareholders through our brands. 2020-09-25 Innscor Results - 2020 June (3 MB), 2021-03-17 Innscor Results 2020 Dec Short-Form Financial (140 KB) Consolidated the Group's light manufacturing business into key categories. 2nd Floor 1 â Data availability depends on companyâs security policy. Innscor Africa Limited â Manufacturer of consumer staple and durable goods for the mass market. I worked for Innscor Africa Limited for 5 years and it was a good company to work for because of the beautiful and clean environment I was in.I enjoyed working ther and used to work 7-8 hours a day and sometimes double shift.I managed to showcase my skills.My main duties were handling cash,dispatching orders and cleaning my work place.Innscor Africa is abig company that ⦠Nairobi. It has investments in associate companies whose activities are in cordials and juice drinks, wines and spirits. Harare, Zimbabwe +263 242 758 193 Harare 58 reviews from INNSCOR AFRICA employees about INNSCOR AFRICA culture, salaries, benefits, work-life balance, management, job security, and more. Formerly part of Innscor, Simbisa Brands, is the 10 th largest company by market capitalisation on the Zimbabwe Stock Exchange, and owns the Pizza Inn, Chicken Inn, Cream Inn, Bakers Inn and Haefelis Brands. Set target to achieve our 100 000 hectares under irrigation for the Group's crop requirements. The sampling frames for the study were 337 members. Founded in 2004, Lynton-Edwards Stockbrokers (Pvt) Limited is an owner-managed stock broking firm, and a member of the Zimbabwe Stock Exchange. Find out what works well at INNSCOR AFRICA from the people who know best. The two original farms underwent significant development and expansion whilst within the Innscor Group and today each is a standalone production facility with the capacity to produce 14,000 skins per annum. Stratified sampling technique was used to The QSR Business opened its inaugural Chicken Inn outlet in Harare, Zimbabwe in 1987. 2 â These sections are available only when you purchase a report with appropriate additional types of analyses. Acquired Capri Corporation Limited and reverse-listed Innscor on the ZSE (market cap USD70mn) Opened QSR outlets namely Chicken Inn, Pizza Inn, Bakers Inn and Creamy Inn in Zambia, Ghana, Kenya, Tanzania, Uganda and Mozambique. Invested into a new Timber processing plant for our Bakaya Hardwoods business, A new SPAR branded corporate store opened in Chawama, Zambia, Acquired shareholding in Irvine’s Zimbabwe (Private) Limited, a leading Zimbabwean poultry producer (, Unbundled through a dividend in-specie, the crocodile ranching operation and listed this separately on the ZSE as Padenga Holdings Limited (, Acquired Shepperton Road property in Harare, with space to accommodate 5 breadlines and started consolidation of Bakery operations onto one site, Franchised Chicken Inn, Pizza Inn, Creamy Inn and Galito’s branded QSR outlets in Swaziland and Lesotho, Grew QSR network in the Zimbabwean, Kenyan & Zambian markets, Opened QSR outlets in the Democratic Republic of Congo (DRC), Unbundled QSR operations through a dividend in-specie and listed it separately on the ZSE as Simbisa Brands Limited (, Acquired a non-controlling interest in a leading stockfeeds business, Profeeds (Private) Limited (, Acquired automotive retail business Transerv. 2nd Floor (Innscor Bread Company accounts September 2013). Download Annual Reports (Simple PDF Versions), An insight into some of the Group’s manufacturing operations, Associated Meat Packers (AMP) CSR and Sustainability, Probrands, Prodairy & Probottlers CSR and Sustainability, National Foods Long-Serving Human Capital, Sustainable Development Goal (SDGS) Contribution, Innscor Africa Annual Report 2020 (38 MB), Innscor Africa Annual Report 2019 (12 MB), 2021-03-17 Innscor Results – 2020 Dec (1 MB), 2020-09-25 Innscor Results - 2020 June (3 MB), 2021-03-17 Innscor Results 2020 Dec Short-Form Financial (140 KB), 2020-09-25 Innscor Results 2020 June Short-Form Financial (1 MB), 2020-11-09 Annual General Meeting Notice (1 MB), 2020-11-11 IAL Change of Address Form (65 KB), 2020-11-18 Change of Shareholder Banking Details Form (209 KB), 2016-03-04 Further Cautionary Statement (308 KB), 2016-02-12 Further Cautionary Statement (2 MB), 2019-09-30 Analyst Year End Results Presentation - 2019 Jun (1,023 KB), 2017-09-28 Analyst Year End Results Presentation - 2017 Jun (592 KB), have the ability of being lowest cost producers, have the ability and potential to achieve scale, have the ability to become market leaders. We manufacture consumer staple and durable goods for the mass market through a managed and where strategically appropriate, integrated portfolio of businesses which: The Group operates under the direction and management of an active, experienced team who add value through their industry expertise, deep market knowledge, professional management and entrepreneurial creativity. Acquired Spar Eastern Region and opened SPAR branded Corporate Stores in Harare. First Quick Service Restaurant (QSR) branded as Chicken Inn opened on Speke Avenue in Harare. Secured Nando’s Franchise and opened the first Nando’s store in Avondale, Harare. Background At a meeting of the Board of Directors of Innscor, held on the 20 th of November 2015, a decision was taken approving the unbundling and separate listing of the Speciality Retail and Distribution Business from Innscor to become ⦠1.1 BACKGROUND Innscor Africa Limited âInnscorâs investment into Spar arises in two areas, the first being a controlling shareholding in the Spar Distribution Centre and secondly, controlling shareholdings into nine corporate retail stores. Corner 1st Street /Nelson Mandela Avenue FY2021 Q1 IAL Trading Update (345 KB), 2019-09-30 Analyst Year End Results Presentation - 2019 Jun (1,023 KB) Avondale subsidiary of Innscor. Concluded the dilution of Innscor Appliance Manufacturing (Private) Limited to 25.05%. ZB Centre The company was formed in 1943 when the National pig breeders cooperative was formed. Company description: Simbisa Brands Limited is a Pan-African QSR operator, recently unbundled from Innscor Africa Limited through a distribution of the entire issued share capital of Simbisa to the shareholders of Innscor. Box A88 +263 242 751 559-61. Associated Meat Packers (AMP) CSR and Sustainability, Probrands, Prodairy & Probottlers CSR and Sustainability, National Foods Long-Serving Human Capital, Sustainable Development Goal (SDGS) Contribution. He is currently leading an innovative financial services distribution digital business, the first of its kind in Zimbabwe. Delta Corporation Limited is principally an integrated beverage company with a diverse portfolio of local and international brands in lager beer, traditional beer, Coca-Cola franchised sparkling and alternative non-alcoholic beverages. Acquired a non-controlling interest in an FMCG manufacturing and downpacking of basic commodities business, Probrands (Private) Limited, (, Unbundled Speciality Retail businesses and listed it separately on the ZSE as Axia Corporation Limited (AXIA.zw). - manufacturing and distribution of packaging products and household appliances (14.2%). Concluded an Innscor-Exxon Mobil deal to open Innscor branded QSR outlets in Exxon Mobil forecourts across Africa. It offers an insightful overview of the companyâs structure and recent operations, includes SWOT analysis, highlights product and service offerings, covers the latest important corporate actions ⦠+263 242 496 790 Harare, Zimbabwe admin@innscorafrica.com +263 242 758 193 #Lockdownzim. Innscor Africa Annual Report 2020 (38 MB) Innscor Africa Annual Report 2019 (12 MB), 2021-03-17 Innscor Results – 2020 Dec (1 MB) Restructured Associated Meat Packers (Private) Limited (AMP) out of Colcom. Restructure of Probrands (Private) Limited. 2020-09-25 Innscor Results 2020 June Short-Form Financial (1 MB), 2020-11-09 Annual General Meeting Notice (1 MB) This frame was provided by Innscor Kenya Ltd. The journey of the new Innscor Africa comprising of Light Manufacturing businesses begins. According to the Human Resource Manager of Innscor Kenya Ltd there were 337 employees working within Nairobi CBD. www.innscorafrica.com. Innscor Africa remains one of the most diversified companies on the ZSE with a wide range of interests spanning from retail to light manufacturing as well as quick service restaurants (QSR). Opened QSR outlets in Nigeria and Senegal on Exxon Mobil forecourts, Opened franchised QSR outlets in Malawi and Angola. Acquired shareholding in National Foods Holdings Limited (, Acquired shareholding in Colcom Holdings Limited (, Commenced construction of a third crocodile farm in Kariba. +263 242 496 886 The first chapter is an introduction to the research, showing the background of the study, statement of the problem, research objectives, limitations and delimitation of the study. +263 242 496 790 2017-09-28 Analyst Year End Results Presentation - 2017 Jun (592 KB), Edward Building It also unbundled Padenga, Zimbabweâs oldest crocodile producer, in November 2010 and last year disposed of its Spar Retail franchise in Zimbabwe. Expanded QSR footprint into 12 African countries, 7 company operated and 5 franchised. Innscor Africa donates 30 tonnes of Maize meal to give frontline workers towards their initiative to mobilize resources to fight the current COVID19 pandemic. Increased the number of franchised QSR outlets in the Nigerian market. Disposal of interest in Freddy Hirsch (Private) Limited. 2020-11-11 IAL Change of Address Form (65 KB) Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Our vision is to improve the quality of life of the customers in our chosen target markets and thereby create and unlock value for all our stakeholders. Acquired a new biscuit line for the Iris Biscuit business. Opened Distribution Group Africa (DGA) and started securing international agencies. 1998. Compare pay for popular roles and read about the teamâs work-life balance. Acquired Capri Corporation Limited and reverse-listed Innscor on the ZSE (market cap USD70mn), Opened QSR outlets namely Chicken Inn, Pizza Inn, Bakers Inn and Creamy Inn in Zambia, Ghana, Kenya, Tanzania, Uganda and Mozambique. www.innscorafrica.com, Corpserve Registrars Disposed the Group’s interest in non-core SPAR Corporate Retail stores, Distribution operations and Tourism operations of Shearwater Adventures. Innscor Africa Limited is a manufacturer of consumer staple and durable goods for the mass market through a managed and where strategically appropriate, integrated portfolio of businesses. Postal Address The current share price of Innscor Africa Limited (INN) is ZWL 82.6619. The company is owned by Innscor Africa and is involved in the production of quality pork products like sausages, polony, pies, hams among others. Spar Distribution Centre, The core subsidiaries are involved in the provision of life assurance and related products, with a strong and growing presence in short-term insurance, property ⦠+263 242 751 559-61. was facing challenges in the payment of salaries. Major refurbishment of the Bakery line at Simon Mazorodze Road Site, Harare, Opened 2 additional SPAR stores in Lusaka and Livingstone, with a total of 6 stores now in operation in Zambia. Cassava Smartech is a diversified smartech group, with a mandate to use digital solutions to drive socio-economic development, and to improve the overall quality of life for all Africans. Corner 1st Street /Nelson Mandela Avenue Renewed and specific focus; ⦠We do this by bringing access to best value consumer staple and durable goods at the lowest relative prices. Our ambition regarding a "potential franchisee" is to associate ourselves with organisations and people who share the same values, vision and commitment to long-term business relationships, as ourselves. Acquired and commissioned a mechanised bread plant in Harare. Production costs increased as a result of not fully utilizing the capacity of production machinery. History. Innscor Africa Limited (INN.zw), listed on the Zimbabwe Stock Exchange, has released its 2019 annual report. Harare Innscor Franchising Zimbabwe (Pvt) Ltd Franchising opportunities with Innscor Franchising Zimbabwe (Private) Limited (IFZ) We appreciate your interest in our brands. Kwame Nkrumah Avenue Innscor Africa Limited an industrial group of light manufacturing organized around 3 areas of activitiy: - manufacturing and sale of food products (85.2%) : flour, edible oils, bakery products, pork meats, chicken, eggs, etc. He sits on the Boards of Directors of Delta Corporation Limited, CABS, Cimas and Old Mutual Nigeria. For more information about Innscor Africa The organization also had to reduce the number of loaves of bread produced per day since the sales were declining. ABSTRACTThe research sought to investigate into credit risk management as a tool to bring down the level of non-performing loans in Microfinance Institutions .A case of Zimbabwe Microfinance Fund (ZMF) .The study is arranged starting with the introduction of the chapter which was followed by the background of the study highlighting factors related to credit risk ⦠Uncover why INNSCOR AFRICA is the best company for you. Started re-organisation of the Group into a light manufacturing business. Innscor Africa Limited is a focused group of light manufacturing businesses which produce a number of Zimbabwe’s iconic brands in the consumer staple and durable product space. Box A88 admin@innscorafrica.com Article Density Chart. Postal Address Acquired a new biscuit line for the Iris Biscuit business, New packaging machine purchased for the Snacks business. 2020-11-11 IAL Proxy Form (201 KB) The business also holds licences for Rocomamas, Nandoâs, Ocean Basket and Steers in Zimbabwe. The two farms were then formally incorporated into the Innscor Group in 1998 under the title of the Niloticus Division. Colcom Foods is part of the Colcom Holdings Group, which in turn is majority owned by Innscor Africa. ISIN : ZW0009012197 | First Mutual Holdings Limited (Formerly Africa First ReNaissance Corporation Ltd) is a holding company with diverse interests in the financial services and property sectors. New packaging machine purchased for the Snacks business. 2016-02-12 Further Cautionary Statement (2 MB), FY2021 Q3 IAL Trading Update (85 KB) Effective 1st October 2015 Simbisa acquired, through a scheme of reconstruction, all the assets and liabilities of the QSR business from Innscor in exchange for 541,593,440 shares in the company. 2020-11-18 Change of Shareholder Banking Details Form (209 KB), 2016-03-04 Further Cautionary Statement (308 KB) . Kwame Nkrumah Avenue Direct Competitors 1-year Stock Charts Innscor Africa Ltd. Acquired Astra Crocodile Ranching & Shearwater Adventures. Innscor Africa Limited is a manufacturer of consumer staple and durable goods for the mass market through a managed and where strategically appropriate, integrated portfolio of businesses. ialshares@innscorafrica.com According to these financial ratios Innscor Africa Limited's valuation is way below the market valuation of its peer group. Secured Steers franchise and opened the first Steers outlet at Speke Avenue, Harare. #FightCOVID19. Edward Building Innscor Africa Ltd. vs. Main Indexes 1-year Stock Chart Innscor Africa Ltd. vs. Colcom Foods Limited is a long established meat-processing company in Zimbabwe.Colcom is Zimbabwe's leading pork producer, with a joint venture (Associated Meat Packers (AMP)) producing beef products. Following the opening of the original Chicken Inn, the QSR Business has expanded phenomenally with the addition of new brands and the franchising of existing brands.
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