We're excited to announce thebestofzambia.com is now infobwana.com
· More
First National Bank Zambia Ltd (FNB)
First National Bank Zambia Ltd (FNB)
Posted News
about 2 years ago

This 5-minute read will change your view of franchising in Zambia

FNB Zambia are successfully supporting the growth of over 40 franchisees in Zambia through a dedicated Relationship Management team that attends to all their needs.

In the 10 years since its first in-country franchise deal, the bank has provided over K12m in financing support to these franchisees. These include Steers, Debonairs, Milky Lane, Fishaways, O’hagens, Mugg & Bean, Wimpy, Panarottis and Keg & Lion.

Traditionally, entrepreneurship has involved starting a new business with a fresh new brand. However, over the decades, the concept of franchising as a viable avenue for entrepreneurship opportunity has gradually increased in popularity.

“The immediate benefit is the ability to start a popular and recognisable business with pre-established quality and product expectations without the hard task of building brand trust and reliability over many years”, says Yokonia Ngoma, Head Business & Commercial Banking, at FNB Zambia.

Franchises are tested systems which have undergone continuous improvement to achieve success. A quick internet search will bring up thousands of stories on why this works, but here are four (4) key reasons why franchisees have a head start on profitability:

1. Preparation and training: the ideal franchisors often provide training on every aspect of the business to ensure that franchisees are well-equip to operate the business long before the grand opening. Most franchisors also provide full ongoing training and support to ensure that optimal standards and best practice are maintained.

2. Insight for success: as a franchisee, you’ll learn what to avoid and how to maximise output from your resources, automatically benefiting from your franchisor’s experience to reduce expenses and increase revenues.

3. Reduced capital requirements: despite additional cost of franchise fees and royalties, the required investment capital for franchising is often lower when you offset expenses such as: trademark registration, logo and marketing campaign development or cultivating effective supply chain relationships.

4. Immediate recognition/ credibility: franchising brings instant credibility and recognition to your business. Leverage this goodwill to give your new business strong start.

Ultimately, franchise businesses are designed to help you get cash-flow-positive in the least amount of time. So, why don’t we see more people getting into franchising?

A simple answer is opportunity. This is a gap which FNB is fully committed to addressing through main sponsor status at the first-ever FNB Franchise Show, slated for 8-9 February 2019”, adds Ngoma.

Following numerous impactful events of this kind across the globe, this premier Franchise Show will provide a coordinated platform for would-be franchisees to advance or develop an interest in a franchise brand, learn about brands which are expanding to the Zambian market and offer direct networking opportunities with established franchisors and franchisees. As a single point of inquiry, you have everything at your fingertips to make an informed decision on your investment.

The FNB Franchise Show will tap into the most recent shifts in the local and global franchise industry.

With growing middle-class, coupled with full franchisor and FNB’s support, owning a franchise could be as easy as attending this industry-shaping event.

Attendees are guaranteed a wealth of localised information and the ideal opportunity to engage with industry experts and players to explore Zambian franchise opportunities in depth.

For more information on the bank’s capabilities in this industry, contact the FNB Zambia Franchise specialists.

This 5-minute read will change your view of franchising in Zambia
First National Bank Zambia Ltd (FNB) image
First National Bank Zambia Ltd (FNB)
Personal banking
Business banking
Corporate finance
Electronic payment systems
First National Bank Zambia (FNB) is a subsidiary of the South African banking group FirstRand Group, with operations in Botswana, Lesotho, Mozambique, Namibia and Swaziland. Established in 2009 in Zambia it offers a wide range of banking products, including cheque and savings accounts, personal and home loans, student loans, mortgage loans, business loans, credit and debit cards, vehicle finance, investments, online and mobile banking as well as corporate finance.
You may be interested in...
Umoyo Natural Health
Umoyo Natural Health
Vitamins, supplements and nutrition
Coq10 Complex Cell Energy Support Absorption of Coenzyme Q10 image
Buy on Shopbwana
Cardiovascular health support. Provides muscular energy needed for cell growth and maintenance. Protects the body from damage caused by harmful molecules. Nativa CoQ10 Complex is a supplement to support optimal absorption of coenzyme Q10.
Umoyo Natural Health
Umoyo Natural Health
Natural health
Cranberries Natural Sundried  150g  image
Buy on Shopbwana
Cranberries are rich in various healthy vitamins and plant compounds, some of which are effective against urinary tract infections. It is a tasty snack of carbohydrates and fibres. These dried cranberries are deliciously tart and sweet. They are excellent for snacking, baking, tossing with salads, or mixing into yogurt and cereal. ... Dried cranberries are made by partially dehydrating fresh cranberries, a process similar to making grapes into raisins.
Umoyo Natural Health
Umoyo Natural Health
Natural health
Dried Pineapples 100g  image
Buy on Shopbwana
Dried Pineapples 100g
Fruit Products
A sweet and delectable dried pineapple that everyone loves! These luscious pineapple slices taste like sweetened sunshine. They're a healthy snack packed with enzymes, dietary fibre and antioxidants. Enjoy them as a delicious pick-me-up or chop them up for baked goods, yogurt, granola, trail mix, and more.
Umoyo Natural Health
Umoyo Natural Health
Vitamins, supplements and nutrition
Flu Package  image
Buy on Shopbwana
Flu Package
Health Care Product
A flu package that will help alleviate flu symptoms in order for you to get well faster. it contains an asthma remedy, pine oil, wormwood capsules, zinc, MSM & vitamin D3 tablets, Colloidal Silver, MMS & Activator HCI Hydrochloric Acid solution.
Umoyo Natural Health
Umoyo Natural Health
Vitamins, supplements and nutrition
Joint Revolution  Accelerate Repair Tablets  image
Buy on Shopbwana
Joint Revolution Accelerate Repair Tablets
Health Care Supplements
The Real Thing
The Real Thing Joint Revolution Accelerate repair, enhance mobility and fire up flagging energy levels with this natural, sulphur-rich supplement in the The Real Thing Bones and Joints Range. It's time to stop treating the symptoms of arthritis and joint injury with painkillers that leave your stomach lurching. It's time to stop sitting out your favourite sport and letting joint pain slow you down. It's time to stop joint degeneration. Now. Even better, it's time to start the revolutionary process of regeneration and repair.
Global Connect Travel Tours and Car Hire image
Global Connect Travel Tours and Car Hire
Car rentals
Tickets and Visas
Global Connect Travel Tours and Car Hire offers a wide range of tour packages. They specialise in creating and facilitating travel experiences that expand awareness, and give each person a true sense of the country and culture they are visiting. It offers a fleet of well maintained, air conditioned vehicles suitable for airport transfers and city transfers as well as safari vehicles. The dedicated travel and consultancy team are ready to offer quality and timely solutions.
Royal Zambezi Lodge image
Royal Zambezi Lodge
Safari lodge
Lower Zambezi National Park
Royal Zambezi Lodge is an award-winning luxury safari lodge on the Zambezi River in Zambia. This is Zambian safari accommodation at its best, where you can drink in the unforgettable Zambezi sunrise and be lulled to sleep with memorable bush sounds. The lodge offers walking, driving and river safaris and is just 5 minutes from the Lower Zambezi National Park. Fly to the lodge from Lusaka or Livingstone using their airline, Royal Air Charters.
Best of Bikes image
Best of Bikes
Bike parts and accessories
Founded in 2012, Best of Bikes are Yamaha and Lifan Motor Bikes Dealers, stocking a wide range of bikes and quads at their Lusaka base. They have a huge selection of spares and accessories for most motorbike brands, as well as motorbike gear such as jackets, helmets and top boxes. Best of Bikes has a fully equipped workshop offering service and repairs for different motorcycles. All works are carried out by an experienced team with extensive experience in the industry.
Fabulous Engineering Ltd image
Fabulous Engineering Ltd
Plant installation
Light commercial vehicle maintenance
As one of Zambia's largest and most advanced modern precision engineering companies, Fabulous Engineering offers engineering solutions, metal fabrication, plant installation, as well as commercial vehicle and mining machinery maintenance of any scale. The company is committed to delivering a highly professional and comprehensive service to its customers, ensuring complete satisfaction. This company promises to deliver world class solutions that exceed its customers' expectations.
Kwithu Lodge image
Kwithu Lodge
Conference venue
Casual dining restaurant
This Lusaka lodge provides quality accommodation with 21 chalets, offering a comfortable tasteful living experience. Kwithu Lodge has an elegant restaurant serving continental and Zambian dishes, coupled with a bar. The lodge also offers conference facilities in a modern fully equipped venue for up to 250 delegates - ideal for quality corporate events. The chalets are built away from the restaurant, bar and conference facilities, offering a serene living space.