KENYA’S JAVA GROUP SET TO INVEST UP TO 10 MILLION WITH PLANS INCREASE ITS NETWORK.

Kenya’s Java group set to increase its foothold in the country.

Java Group, the leading restaurant chain in Kenya, is set to invest between Ksh500 million (about $5 million) and Ksh1 billion (about $10 million) in an expansion drive that is part of the company’s plan to increase its foothold in the country.

Kenya plans to invest between Ksh500million ($5 million) and Ksh1 billion ($10 million) to expand the java Group (the prime restaurant chain in kenya). Market Analysts from a private firm Cytonn Investment discloses that there are over 64 outlets and there are plans to open at least 2 new branches every month in new and major towns of the country.

 Kevin Ashley CEO of Java Group, who founded Java’s first outlet in Nairobi in 1999, explained in a past statement that the franchise part of Java Group planned to capitalise on rising consumer spending. By 2015, Kenya’s Java House had 36 coffee house and restaurants with plans to expand across Africa by 2020.

kenya’s retail sector is ready to grow through an increase in foreign investment fuelled by growth in e-commerce which recorded increase of 366% in mobile sales between 2015 and 2016.

 Cytonn officials added in their statement “Our Real Estate Research & Deal Origination (RDO) team spends time in the target market, collecting and analyzing data to make the best investment recommendation both for our own proprietary use and to inform the investors of the trends in the markets. As such, and in line with our regional expansion strategy, we have been carrying out research on various markets across the Kenyan Counties.” 

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