Food Concepts Plc

Food Concepts Plc was founded by Deji Akinyanju in December 1999, initially incorporated as Food Concepts & Entertainment Limited. The company began operations in 2000, setting its sights on transforming the food retail landscape in Nigeria. Akinyanju's vision was to create a leading quick service restaurant (QSR) operator in West Africa, and he set about achieving this with determination and strategic foresight.

In its early years, Food Concepts Plc focused on securing franchises from reputable South African QSR operators, allowing it to manage and operate these brands within Nigeria. This strategic move not only expanded its brand portfolio but also established its presence in the competitive food retail market.

A significant milestone in the company's journey came when African Capital Alliance acquired a 31% stake in Food Concepts Plc. This acquisition provided the company with the necessary capital to fuel its ambitious expansion plans across Africa. With this backing, Food Concepts Plc set a target to operate between 700 to 800 fast food stores across the continent, marking its transition from a local player to a regional powerhouse.

Today, Food Concepts Plc stands as a testament to strategic growth and adaptation in the face of a dynamic market environment. The company's journey from its inception to becoming a leading QSR operator in West Africa highlights the impact of visionary leadership and strategic partnerships in achieving business success.