Meet Ghanaian Leading a $70 Million Company in Nigeria

About this episode

Derrick Abaitey interviews Kofi Abunu, CEO of Food Concepts, discussing the challenges and successes of running a major fast food chain in Nigeria.

Why does the CEO of West Africa's biggest fast food chain run 300+ restaurants in Nigeria but only ONE in Ghana? In this episode, I sit down with Kofi Abunu, CEO of Food Concepts - the company behind Chicken Republic and PieXpress with over 300 outlets across West Africa. After 15 years at McDonald's in the UK, he came home and built an empire. And he's holding nothing back. We get into the real reason 80% of businesses fail within 5 years, why your staff are only productive 4 hours out of an 8-hour shift, and the war between business owners and employees - slave master mentality vs stealing and no work ethic. His answer? Both sides are right. He also breaks down why the government knocked down his shop in Lagos, why Ghana's registered street food sellers are eating into the formal market, why you should STOP giving your African staff Western training, and why he insists Africa is not behind. 🎟️ KONNECTED MINDS LIVE — 9th September, KNUST Great Hall, Kumasi. Network with entrepreneurs and business minds who are building in Ghana. Grab your ticket here: https://www.konnectedmindslive.com/ Guest: Kofi Abunu, MD and CEO of Food Concepts, shares the success story of Nigeria's…

People in this episode

Host: Derrick Abaitey

Guest: Kofi Abunu

Topics covered

• business success
• entrepreneurship
• fast food industry
• employee productivity
• African market dynamics

Keywords

• Kofi Abunu
• Food Concepts
• Chicken Republic
• entrepreneurship
• business failure
• employee productivity
• African market

Mentioned in this episode

Organizations: Food Concepts, Chicken Republic

Places: Ghana, Nigeria, Lagos, Kumasi

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