Empowering the Future: Simbisa Brands Raises $3 Million to Fuel QSR Expansion

Simbisa Brands, a standout name on the Zimbabwe Stock Exchange, is thrilled to announce the successful funding round that raised $3,000,000. This remarkable infusion of capital marks a significant milestone in our journey of empowerment and growth, true to our name—Simbisa, which means “to strengthen” or “to empower”. For nearly three decades, our company has transformed the Quick Service Restaurant (QSR) landscape in Zimbabwe and beyond, beginning with the inaugural Chicken Inn outlet in Harare 29 years ago. Today, Simbisa Brands boasts an impressive portfolio of both owned and franchised brands, and has grown to a formidable network of 418 outlets operating in 11 different countries across the region. The additional funds will be strategically deployed to accelerate our expansion plans and further solidify our presence in the competitive QSR market. Investments will focus on innovative growth strategies including the opening of new outlets, enhancement of existing brand support, and leveraging cutting-edge technology to improve operational efficiencies. With our eyes set on amplifying the reach of our trusted basket of brands, we remain committed to offering quality dining experiences to our growing customer base. This funding round not only reinforces market confidence in Simbisa Brands’ business model but also highlights our ongoing mission to drive sustainable value in the foodservice industry. As we continue to empower communities and deliver exceptional dining experiences, our dedication to quality, innovation, and growth remains stronger than ever.