Africa gets its first branded café thanks to City banker
Sunday 04 April 2010
City banker Stefan Allesch-Taylor is planning to plough $1m (£650,000) of his own cash into a new not-for-profit café venture in Africa.
Mr Allesch-Taylor, the founder of the boutique investment bank Fairfax, is supporting plans to open 100 so-called Afri-Can co-operative cafés across Malawi and beyond.
The cafés, the first of which was opened in a hospital in Lilongwe, Malawi, last month, are made out of shipping containers and are intended to create jobs for Malawians.
"We want them to become social hubs, much in the same way as other coffee shops around the world are," said Mr Allesch-Taylor.
"Afri-Can Cafés is one of the first indigenous brand names for the continent and we have plans to roll out similar projects in Mozambique and other sub-Saharan countries."
Two more completed cafés are due to be sent to their new destinations later this month.
All the work to convert the containers into cafés, including a small on-site bakery and the creation of the chairs and tables, is undertaken by a local workforce using reclaimed materials.
"Every Afri-Can Café will be identical in all respects across Africa and will be instantly recognisable," Mr Allesch-Taylor said.
- 1 Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
- 2 Margaret Thatcher 'expressed fears of Asian rising' at Anglo-Irish summit in 1984
- 3 Top 10 travel destinations for 2015: From Haiti and Alaska to Namibia and Iceland
- 4 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 5 The Unluckiest People of the Year 2014 (and one very unlucky giraffe)
Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
Margaret Thatcher 'expressed fears of Asian rising' at Anglo-Irish summit in 1984
UK weather: Travel chaos continues as King's Cross train delays add to snow on roads
The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
The Unluckiest People of the Year 2014 (and one very unlucky giraffe)
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Immigrants make UK racist, says Ukip councillor Trevor Shonk
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...