Connect with us

Business

Nothing chicken about KFC’s bold ambition to be the most inclusive brand in South Africa

Published

on

KFC

KFC Africa is committed to becoming the most inclusive organisation in the traditionally male-dominated Quick Service Restaurant (QSR) sector and across sub-Sahara Africa, and to actively advocating for allyship in every sphere within the business

JOHANNESBURG, South Africa, August 10, 2023/APO Group/ — 

National Women’s month in South Africa is both an opportunity to honour and celebrate the women who decided on the 9th August 1956 that the participation of women in the economy was not only the right thing to do but the only thing to do to build and grow the economy of this beautiful country. Today society has taken that even further to insist on addressing gender inequality and diversity in the workplace, in particular female representation in key, decision-making, leadership positions. This month, therefore, as KFC Africa (www.global.KFC.com) we take a moment to ask the question, “who is seated at your table”?

While efforts to address gender inequality in the workplace have boosted female representation at every level within organisations, the reality is that we are far from being fully representative and as organisations we have to continue to create an environment and culture where all voices are heard, respected, and valued, where the table is big enough for all.

Championing inclusivity and better representation is in fact good for business. Numerous reports (https://apo-opa.info/47uDTZp) comprehensively show that inclusive organisations that boast the greatest gender, ethnic and cultural diversity achieve better commercial returns and are more profitable than their less diverse counterparts. Moreover, more diverse teams tend to exhibit greater complexity in problem-solving and are more innovative.

Yes, the gender gap continues to close globally, with the World Economic Forum’s 2023 Global Gender Gap Index (https://apo-opa.info/3YtKbo1) report showing a 0.3 percentage points improvement compared to 2022, which represents a 68.4% in terms of closing of the gap. At this rate of progress, however, it will take 131 years to reach full global parity. In South Africa, where 51% of the Economically Active Population is female, the gap is even wider as women comprise of only 40% (https://apo-opa.info/3s3fdqW) of directorships at state-owned entities, with just 36.7% representation in the professional services industry and only 26.9% of directorship positions at JSE-listed entities. From a broader continent perspective, while sub-Saharan Africa has closed 67.9% (https://apo-opa.info/3OxDoVZ) of its gender gap, it also means that 32% of females on average are less likely to have the same opportunities as males in the region – with individual country performances varying greatly.

As a result of these disappointing stats, KFC Africa has some bold ambitions when it comes making a seat at the table for women.

“Female empowerment is about engraining true transformation into the core of the organisation, and it must be driven throughout the value chain and embedded into the social fabric of the business to ensure it lasts,” explains Akhona Qengqe, the recently appointed first female General Manager for Africa at KFC. “As a people-first business, KFC Africa is committed to becoming the most inclusive organisation in the traditionally male-dominated Quick Service Restaurant (QSR) sector and across sub-Sahara Africa, and to actively advocating for allyship in every sphere within the business. As a customer facing business, it is important that our employees, stakeholders and franchise partners reflect the communities that we operate in.”

KFC has placed women at the forefront of its socially led initiatives and its hiring processes. For example, KFC Add Hope has a 60% female volunteer complement and 90% of the Add Hope beneficiary organisations, which KFC work with, are championed by women. Not to mention that KFC Mini-Cricket boasts a female volunteer community of 70%. In fact, today the organisation employs over 40,000 people across 23 markets in sub-Saharan Africa in over 1250 restaurants and 60% of those restaurants are managed by women. This is testament to the brand’s commitment to female transformation.

Today the organisation employs over 40,000 people across 23 markets in sub-Saharan Africa in over 1250 restaurants and 60% of those restaurants are managed by women

“Giving women leadership opportunities to drive some of the core aspects of the overall business and bringing them into key decision-making roles ensures that their voices and views are represented in a meaningful and impactful way,” continues Qengqe.

But more than simply aiming to meet representation targets, Qengqe explains that KFC is intentional about how it creates an environment where women feel like they belong and can contribute meaningfully at a decision-making level.

“Gender equality at corporate level means understanding issues that women face, be it gender-based violence, single-income households, women-led households and family responsibility, and truly dig deep to ensure that the company provides support mechanisms that speak to real-life issues,” explains Nolo Thobejane, Chief People and Transformation Officer at KFC.

In this regard, KFC Africa develops, empowers and emboldens women to leverage their innate leadership qualities and take their seat at the table – with the confidence – to lead with impact and fuel results. KFC achieves this through its Women on the Move Program, which aims to build leadership know-how and equip women with the tools and resources that will accelerate the growth of female talent into meaningful leadership roles.

Conceptualised by Qengqe and launched in 2021, this transformative 12-month programme adopts a blended learning approach that includes formal training courses, personal development interventions, mentorship and peer learning circles, all of which results in bench readiness for leadership and drives a high-performance culture within the organisation.

“We have extended the reach and impact of this initiative even further through our Women on the Move Extended Network (WOM.EN) programme, which brings women across the globe together, at all levels, and affords them the opportunity to share experiences, learnings, challenges and create growth networks in the workplace,” elaborates Thobejane.

In the end, rather than rising into leadership roles in isolation, KFC’s approach to female allyship creates powerful advocates for true upliftment. This process gives women the opportunity to achieve their goals, and creates a virtuous cycle of support, where women can pull up more chairs to make room for more female voices at the table.

“We understand the unique perspective and values women bring to our company and are bold in our ambitions to create opportunities for more inclusion, equity and belonging. Our commitment to advance more women into senior roles and achieving greater gender parity in senior leadership, globally, by 2030 is stronger than ever and we will continue to make fundamental steps to become the most inclusive brand in SA,” concludes Qengqe.

Distributed by APO Group on behalf of KFC Africa.

Business

Africa Finance Corporation Appoints Central Bank of Nigeria (CBN) Governor Yemi Cardoso as Chairman of the Board

Published

on

Mr Cardoso’s appointment comes as AFC continues to expand its role in financing and developing strategic infrastructure assets that address Africa’s infrastructure gap, accelerate industrialisation and strengthen regional integration

LAGOS, Nigeria, October 14, 2026/APO Group/ –Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, announces the appointment of Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), as Chairman of its Board of Directors. He succeeds the immediate-past Chair, Ireti Samuel-Ogbu, who served the Corporation meritoriously during her tenure and continues to serve as a board member.

 




 
 

Mr Cardoso brings extensive experience spanning international banking, investment management, economic policy and public sector leadership. Since assuming office as Governor of the CBN in September 2023, he has led a far-reaching programme of monetary, financial-sector, and institutional reforms to restore macroeconomic stability, strengthen policy credibility, and rebuild investor confidence in Nigeria’s economy.

Under his leadership, the CBN has implemented significant reforms to Nigeria’s foreign exchange market, addressed longstanding foreign exchange obligations, strengthened monetary policy transmission, and enhanced institutional governance and transparency. The Bank has also concluded a recapitalisation programme for the banking sector, aimed at strengthening the resilience and capacity of Nigeria’s financial system to support sustainable economic growth.

I look forward to working with the Board, management and member states to advance The Africa We Build 2050

Prior to his appointment as Governor, Mr Cardoso built a distinguished career in international banking and public service, including a 12-year tenure as Chairman of Citibank Nigeria and service as Commissioner for Economic Planning and Budget in Lagos State. In the latter role, he contributed to economic planning and fiscal management in one of Africa’s largest economies. He holds a degree from Aston University in the United Kingdom and a master’s in public administration from Harvard Kennedy School, where he also served on the Alumni Board.

Mr Cardoso’s appointment comes as AFC continues to expand its role in financing and developing strategic infrastructure assets that address Africa’s infrastructure gap, accelerate industrialisation and strengthen regional integration. His experience in financial sector reform, institutional governance and capital markets will provide valuable perspective on the Corporation’s strategic direction as it mobilises investment to unlock Africa’s economic potential.

Samaila Zubairu, President & CEO of AFC, said: “We are delighted to welcome Mr Cardoso as our Board Chairman. He shares our conviction that Africa’s lasting stability depends on its productive capacity. His leadership will strengthen AFC as we advance The Africa We Build 2050, mobilising African capital to build the infrastructure and industries that create jobs, prosperity and dignity for our people. We also sincerely thank Mrs Samuel-Ogbu for her dedication and contribution to AFC’s board during her tenure.”

Mr. Cardoso commented on his appointment, saying: “A more productive Africa is a more stable Africa. AFC has the credibility and track record to mobilise capital and build the infrastructure and industries that drive transformation. I look forward to working with the Board, management and member states to advance The Africa We Build 2050. Our measure of success must be the productive capacity we create, the industries we enable and the jobs we support.”

AFC continues to advance transformational infrastructure and industrial investments across Africa, with recent milestones including achieving financial close on the US$753 million Lobito Corridor Railway Project in Angola, to support the rehabilitation, upgrade, and long-term operation of the 1,300-kilometre brownfield rail corridor; supporting a US$600 million facility for Dangote Group’s US$7 billion fertiliser expansion programme to scale production in Nigeria; and committing to a combined US$300 million investment alongside Vision Invest in WIOCC Group to accelerate the expansion of critical digital infrastructure across the continent. These investments reflect AFC’s unique approach to developing strategic infrastructure platforms that connect markets, strengthen industrial value chains and mobilise capital at scale to drive Africa’s economic transformation.

Distributed by APO Group on behalf of Africa Finance Corporation (AFC).

 




 

Continue Reading

Business

Ghana Targets End to Liquid Fuel Purchases for Power as Gas Supply Expands

Published

on

Ghana, Senegal and the GECF outlined how African producers can grow domestic gas use alongside exports at the GECF-AEC Strategic Forum

CAPE TOWN, South Africa, October 14, 2026/APO Group/ –Ghana expects to stop procuring liquid fuels for power generation next year, John Jinapor, Minister for Energy and Green Transition, said during a Gas Exporting Countries Forum (GECF)-hosted strategic session at African Energy Week (AEW) 2026 in Cape Town. Ghana has already cut its liquid fuel purchases for electricity from eight cargoes to two, he said, as domestic gas and imports from Nigeria replace diesel and heavy fuel oil in thermal plants.

 




 
 

Ghana’s gas policy prioritizes domestic processing, with gas directed first to power generation and then to industry, Jinapor said. The switch from liquid fuels saved Ghana about $500 million in a single year through import substitution, at a time when electricity demand is growing about 10% annually. Nigeria supplies Ghana through the West African Gas Pipeline, and he said Ghana expects to double those volumes under its current agreements. Ghana is also building a 278 km pipeline to link its main power centers, and is using a levy on pump fuel to fund LPG adoption, targeting 50% penetration within three years.

We are a gas continent before an oil continent

Senegal, which began exporting LNG in 2025, is working to balance exports with supply to its own economy. El Hadji Abdourahmane Diouf, Minister of Energy and Petroleum, said companies often prioritize export markets, leaving governments to secure domestic supply. Senegal is targeting domestic gas supply of around 150 million standard cubic feet per day by 2030, delivered through a national gas network to power plants across the country. Diouf said the network’s pipeline, which has faced delays, is expected within nine months.

Philip Mshelbila, Secretary General of the Gas Exporting Countries Forum (GECF), called the choice between exports and domestic use “a false choice.” In his address, he said: “Exports mobilize capital, revenue and investment confidence. Domestic utilization is the development multiplier.” The GECF’s Global Gas Outlook projects African gas demand will more than double, from 175 billion cubic meters in 2024 to about 374 billion cubic meters by 2055.

Panel moderator Oliver Onyekweli, Partner at McKinsey & Company, noted that only around 3% of gas commercialized in Africa is traded within the continent. Mshelbila said regional cooperation, gas storage and cross-border infrastructure will determine how resilient African markets are to future supply disruptions. He cited the Senegal-Mauritania Greater Tortue Ahmeyim project as a model.

NJ Ayuk, Executive Chairman of the African Energy Chamber, described gas as a “Swiss knife” for African development, with uses spanning power generation, petrochemicals and fertilizers. “We are a gas continent before an oil continent,” he asserted.

Ghana’s gas master plan, currently under review, sets a 15-year blueprint for the country’s gas infrastructure and budgeting.

Distributed by APO Group on behalf of African Energy Chamber.

 

 




 

Continue Reading

Business

Africa Energy Bank to Begin Financing Gas Projects in Early 2027, African Petroleum Producers Organization (APPO) Says

Published

on

APPO’s new bank will prioritize regional corridors as GECF forum panelists flag a gap in domestic gas financing

CAPE TOWN, South Africa, October 14, 2026/APO Group/ –The Africa Energy Bank (AEB) will become operational within weeks and begin financing projects at the start of 2027, Farid Ghezali, Secretary General of the African Petroleum Producers Organization (APPO), said during the technical panel of the GECF-AEC Strategic Forum at African Energy Week (AEW) 2026 in Cape Town. The bank, launched by APPO and Afreximbank, will use a corridor approach, prioritizing projects that deliver regional economic development across four pillars: export infrastructure, domestic infrastructure, clean cooking and power.

 




 
 

Ghezali said exports and domestic supply should not compete. “I come from a country where you cannot export any drop of gas if the domestic demand is not satisfied,” he said. APPO and the Gas Exporting Countries Forum (GECF) signed an agreement earlier this year to work jointly on gas corridors, and plan to harmonize transit tariffs and gas contracts across member states.

I come from a country where you cannot export any drop of gas if the domestic demand is not satisfied

The panel focused on why domestic gas markets remain underdeveloped. Rashid Ali Abdallah, Executive Director of the African Energy Commission (AFREC), said recent investment has gone largely into export terminals while regional pipelines struggle to attract funding. He called for regional financing frameworks for cross-border infrastructure, and for joint planning of gas pipelines and power transmission.

In South Africa, industrial consumers face the loss of natural gas supply within about 18 months, with only a short-term coal supply bridge beyond that, said Jaco Human, Executive Officer of the Industrial Gas Users Association of Southern Africa (IGUA-SA). The gas aggregation company was formed to pool demand, share risk and underwrite new infrastructure across the region. Human said a proposed pipeline linking the Orange Basin to Western Cape and inland markets would need around 200 petajoules of annual demand. “We have much more demand than that, so the problem is not an economic one,” he said. “Rather, it is a coordination problem.”

Abubakar Abbas, Senior Energy Forecast Analyst at the GECF, said Africa will require at least $1 trillion over the next 30 years to develop its gas resources. Per capita energy consumption on the continent is about 25 gigajoules a year, well below the global average. Abderrezak Benyoucef, Head of Energy Studies at OPEC, said OPEC expects gas to rise from 17% to 23% of Africa’s energy mix by 2050. Electricity generation is projected to grow from under 1,000 TWh to about 2,700 TWh, with half of it from gas.

The AEB is headquartered in Abuja, where Nigeria handed over the bank’s offices to APPO and Afreximbank in February.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

Continue Reading

Trending

Exit mobile version