History & Evolution of the Group

Innscor History and Evolution Pictogram

1987

  • First Quick Service Restaurant (QSR) branded as Chicken Inn opened on Speke Avenue in Harare.
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1993

pioneer-raft
  • Acquired Astra Crocodile Ranching & Shearwater Adventures
  • Opened Distribution Group Africa (DGA) and started securing international agencies.

1995

  • Acquired and commissioned a mechanised bread plant in Harare.
Bread-recipe

1998

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  • 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
  • Secured Nando’s Franchise and opened the first Nando’s store in Avondale, Harare.
Nandos-Logo

1999

  • Acquired Spar Eastern Region and opened SPAR branded Corporate Stores in Harare.
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  • Secured Steers franchise and opened the first Steers outlet at Speke Avenue, Harare.
  • Acquired a new biscuit line for the Iris Biscuit business
  • New packaging machine purchased for the Snacks business
Steers-Logo-White

2000

  • Concluded an Innscor-Exxon Mobil deal to open Innscor branded QSR outlets in Exxon Mobil forecourts across Africa.

2002

  • Opened QSR outlets in Nigeria and Senegal on Exxon Mobil forecourts
  • Opened franchised QSR outlets in Malawi and Angola
  • Opened the first SPAR Corporate store in Zambia.

2003

NationalFoods_LogoColourProfile

2004

  • Acquired shareholding in Colcom Holdings Limited (COLC.zw), a leading manufacturer of pork products in Zimbabwe (www.colcom.co.zw)
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2005

  • Commenced construction of a third crocodile farm in Kariba
  • Expanded QSR footprint into 12 African countries, 7 company operated and 5 franchised.

2006

  • Increased equity in Colcom Holdings Limited (COLC.zw) to 79.64% and started consolidating Colcom into Innscor results.

2007

  • 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
  • Increased the number of franchised QSR outlets in the Nigerian market.

2008

  • Invested into a new Timber processing plant for our Bakaya Hardwoods business
  • A new SPAR branded corporate store opened in Chawama, Zambia

2009

  • Acquired shareholding in Irvine’s Zimbabwe (Private) Limited, a leading Zimbabwean poultry producer (www.irvineschicken.co.zw)
IRVINES-LOGO (1)

2010

Padenga
  • Unbundled through a dividend in-specie, the crocodile ranching operation and listed this separately on the ZSE as Padenga Holdings Limited (PHL.zw) (www.padenga.com)

2011

  • Acquired Shepperton Road property in Harare, with space to accommodate 5 breadlines and started consolidation of Bakery operations onto one site
  • Secured Galito’s Franchise.
Galitos-Logo-CMYK

2013

  • 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)

2015

  • Unbundled QSR operations through a dividend in-specie and listed it separately on the ZSE as Simbisa Brands Limited (SIM.zw), (www.simbisabrands.com)
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2015

  • Acquired a non-controlling interest in a leading stockfeeds business, Profeeds (Private) Limited (www.profeeds.co.zw)
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2016

  • Acquired automotive retail business Transerv
  • Started re-organisation of the Group into a light manufacturing business.
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2016

  • Disposed the Group’s interest in non-core SPAR Corporate Retail stores, Distribution operations and Tourism operations of Shearwater Adventures.
  • Acquired a non-controlling interest in an FMCG manufacturing and downpacking of basic commodities business, Probrands (Private) Limited, (www.probrands.co.zw)
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2016

  • Unbundled Speciality Retail businesses and listed it separately on the ZSE as Axia Corporation Limited (AXIA.zw)
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  • Consolidated the Group's light manufacturing business into key categories.

2017

  • The journey of the new Innscor Africa comprising of Light Manufacturing businesses begins
  • Disposed SPAR Zambia Limited and The River Club.

2018

  • Acquired remaining non-controlling interest in Colcom Holdings Limited and de-listed the company
  • Commenced UHT milk production at Prodairy (Private) Limited
  • Merged pie production facilities
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