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 Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
- 2 Prince held a Facebook Q&A and this is the only question he answered
- 3 Car tax disc changes: Two days to go - and they affect you much more than just not displaying a piece of paper
- 4 Now we know whose fault it is if you end up being murdered in Thailand
- 5 35,000 walrus gather ashore on north-west Alaska beach 'for a rest'
Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
Five-year-old Iris Grace is raising awareness of autism through her extraordinary paintings
Car tax disc changes: Five facts you never knew about your (almost obsolete) tax disc
The Aral Sea: Nasa pictures show how what was once the fourth largest lake in the world has become almost completely dry
Brad Pitt, on the moment he completely lost his temper with Clint Eastwood's son
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
The Osborne Ultimatum: Chancellor’s benefits freeze bombshell will affect ten million households
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Should gay sex be illegal? 16% of Britons think so
Mark Reckless becomes second Tory MP to defect to Ukip in a month
Benefits 'smart cards' plan revealed by Iain Duncan Smith to stop claimants spending welfare money on alcohol
- < Previous
- Next >
iJobs Money & Business
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
NEGOTIABLE: Austen Lloyd: TRUST ACCOUNTANT - KENTIf you are a Chartered Accou...
£18000 - £20000 per annum + OTE £30000: SThree: SThree are a global FTSE 250 b...
Highly Competitive Salary: Austen Lloyd: CITY - Law Costs Draftsperson - NICHE...