It hopes to be the new social hub for Nairobi South region, Industrial Area commercial district and Mombasa Road
Artcaffé Group has opened two new locations at Capital Center, on Mombasa Road.
While the group’s most prominent chain, Artcaffé Coffee & Bakery, is a full-service bakery, coffee shop, bar and modern casual dining restaurant, it’s other concepts include Urban Gourmet Burger (a gourmet burger and sports bar), OhCha Noodle Bar (which serving fast and fresh noodle dishes of authentic South East Asian “street food” not Indomie *wink), Tapas Ceviche Bar (a vibrant restaurant specializing in Spanish dishes and featuring lively happy hours), and the Dorman’s coffeehouse.
The two ‘branches’ are its 27th and 28th and are both housed in its biggest location yet, featuring two levels of sophisticated dining, meeting spaces and a great outdoor cocktail bar overlooking Mombasa Road.
With this move, Artcaffé Capital Centre hopes to be the new social hub for the Nairobi South region, Industrial Area commercial district and Mombasa Road as well.
The new Urban Gourmet Burger, also located at Capital Centre takes sports viewing to another level. It features a massive state of the art HD screen and an immersive sound system, which together with its signature burgers, chicken wings and wide selection of craft beers, will offer sports fanatics a new viewing experience of European football matches, Formula 1 races and more sports content.
Both locations will offer not only dine-in experience, but also home and office delivery services covering Nairobi West to Jomo Kenyatta International Airport.
Artcaffé opened its first café in 2008 and now currently manages 28 stores across Nairobi.
The group in addition, operates a sophisticated central bakery, kitchen, and logistics centre that prepares and distributes artisanal baked goods, food, and drink shipments to its restaurants daily. The central kitchen is key to the company’s business model, enabling consistent delivery of fresh and high quality products.
The group is expected to significantly increase the number of its locations this year (2019), further expanding its position as a large employer, tax payer and driver of the local supply chain growth with a focus on high international standards, in addition to a positive impact on the economy.
The group’s family of 1,300 dedicated and passionate staff, is also expected to grow at a rate of around 40 new hires per new store opening.
Jumia
Jumia, Africa’s largest online retailer, is planning to float an Initial Public Offer (IPO) at the New York Stock Exchange, a move that could see the value of the firm whose headquarters is in Nigeria, rise to Ksh150.3 billion.
Reports from Bloomberg reports that by MTN group Ltd, selling its 40% stake, Jumia’s largest shareholder is looking at 60.1 billion Kenyan Shillings. Jumia’s other shareholder, German investor; Rocket Internet SE is also reported to be open to the idea of selling its stake as well.
Jumia, operates in 12 African countries including Kenya and has experienced steady growth with its sales rising by an estimated 80% every year since it was first started in 2012.
It is currently valued at 100.2 billion Kenyan Shillings.
Analysts claim the decision may be owing to the need to offset the company’s heavy debt. Nairametrics, a Nigerian markets analysis firm, claims Jumia’s debt currently stands at Ksh480.9 billion.
