SAMIR KALMONI

SAMIR KALMONI

$115 Million

FOUNDER, PAPAYE FAST FOOD

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Wealth: Self-made, FAST FOOD

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Known For: PAPAYE

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OVERVIEW

Mr. Samir Kalmoni had made up his mind during his young days to start a new business in fast foods which was not an ideal venture back in the nineties.

After his return from Saudi Arabia, where he had gone in search of a better life, Samir decided to invest his little savings in a new business. He then acquired a plot of land at Osu in Accra which he initially intended for a laundry business. But on his market study, he discovered that restaurants which served fast and affordable food to corporate workers around Osu, and the corporate enclaves of Accra were more or less inexistent. Samir then remodelled his business strategy into fast foods with the vision of trying to fill in that gap of corporate workers’ inability to get good quality food to buy at competitive prices and with fast delivery services. In December 1991 and together with 12 workers, he hit the Osu Oxford Street in Accra with his fast food joint called PAPAYE which has gone on to become the most successful fast food brand in Ghana.

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NET WORTH SUMMARY

Papaye’s target market has broadened from initially catering for the food needs of corporate workers to the general public and thousands of tourists per day.

Papaye has a record of over 6,000 food orders daily in all its three branches. Samir employs over 300 people.

Samir Kalmoni is also currently completing a 136 acre land purposed for a recreational centre at Konkonuru, near Aburi in the Eastern Region called the Papaye Recreational Village Ltd.

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