Americana Egypt to invest EGP 150 mn this year

Americana Egypt plans to invest EGP 150 mn this year in new outlets and branch development, Managing Director Mohamed Hassan said at a press conference last week. The company will spend EGP 90 mn opening 23 new branches of its food outlets — which include Hardee’s, KFC, Costa Coffee, and Pizza Hut — and a further EGP 60 mn on developing branches and upgrading management systems. The company plans to establish a branch in the new administrative capital by 2021, Hapi Journal quoted Hassan as saying.