Breaking News

KFC eager to expand into Zimbabwe

by Business reporter
15 January 2013 | 6339 Views
AN international fast foods giant, Yum Brands, plans to reopen its branches in Zimbabwe as part of a programme to roll out KFC restaurants in Zimbabwe, Tanzania and Uganda this year, the company said on Monday.

Yum Brands is the parent company of KFC, Taco Bell and Pizza Hut chains.

"Africa is undoubtedly one of the fastest-growing regions globally and KFC is fully committed to harnessing this opportunity and building a sustainable business model on the continent," said Bruce Layzell, KFC general manager of new African markets.

The group's general manager for Africa, Mr Keith Warren, said the opening of the restaurants would bring their presence on the continent to over 1 000 restaurants.

KFC closed its branches in Zimbabwe at the height of the hyperinflationary environment that characterised the country's economy up to the beginning of 2009.

Businessman Kevin James - owner of Consolidated Farming Investments Limited, a leading investor in the fast food sector in Zimbabwe has been lobbying Biti for KFC to be granted an import duty exemption, or to be allowed to import chickens at a lower duty tariff.

A quarrel over KFC's request for special treatment on duty tariffs on chicken imported from South Africa and that could delay fast-food chain KFC's re-entry into Zimbabwe. The local poultry industry recently welcomed a new import duty regime of $1,50 per kg or 40%, whichever is higher.

Country Bird said it believed Zimbabwe's economy had recovered sufficiently to support the chicken franchise and it hoped to reopen KFC outlets early in the new year. But the company's request for a waiver on chicken import duties has riled Zimbabwe's poultry industry, which had welcomed the new duty regime.

The Zimbabwe Poultry Association said it had hoped the new duties would result in some of the $65m spent annually on chicken imports going to local breeders.

Indigenisation minister Saviour Kasukuwere recently slammed James, the franchise holder for the fast-food giant for opting for South African imported chickens as he re-establishes KFC in Zimbabwe in the New Year. Kasukuwere said the move is meant to stifle efforts to empower local producers.

"We are not going to let this provision hold, with an already flooded poultry industry, we would be stupid to let James import South African chickens," said Kasukuwere.
The chain had restaurants in Bulawayo and Harare.

The reopening of KFC restaurants in Zimbabwe was mainly a result of rising consumer spending.

Global brands are progressively looking to emerging markets to offset sluggish growth in traditional economies‚ and Africa presents a compelling investment case for retailers. The Economist Intelligence Unit predicts that by 2030‚ Africa's top 18 cities could have a combined spending power of $1.3-trillion.




One of the main drivers of Africa's growth spurt is the increasing pace of urbanisation and consumerisation.

The number of KFC restaurants in new African markets grew to 63 at the end of last year, in countries such as Angola, Nigeria, Malawi and Ghana. The figure excludes South Africa, Egypt, Morocco and Mauritius, which, if included, brings the total number of KFC restaurants on the continent to almost 900 outlets.


KFC Yum Brands Pizza Hut

Source: news

Is Itai Dzamara eyeing the US Green Card?

Yes
20.29%
No
73.97%
Not sure
5.75%
557

Comments

News Updates

Email:

Latest News

Grace Mugabe wins farming award

by Staff reporter | 28 May 2015 | 1764 Views

Francis Nhema survives - FORMER indigenisation Minister Francis Nhema...

by Staff reporter | 28 May 2015 | 3098 Views

Zimbabwean eliminated from AfDB Presidential race

by Ndou Paul | 28 May 2015 | 1927 Views

Mugabe, Zuma relations frosty - Tension is simmering between President...

by Staff reporter | 28 May 2015 | 5760 Views

Jonathan Moyo attacks 'Mnangagwa successionists' - Information Minist...

by Staff reporter | 28 May 2015 | 5152 Views

ZUNDE Vice President Benjamin Paradza is a fugitive - Former Supreme j...

by Suitable Kajau | 28 May 2015 | 2751 Views

Spare some conscience, Tsvangirai - MDC-T leader Morgan Tsvangirai's u...

by Caitlin Kamba | 28 May 2015 | 1942 Views

Zimbabwe to restore its breadbasket status - Through the agricultural ...

by Peacemaker Zano | 28 May 2015 | 2463 Views

Watch: Jonathan Moyo appointed gay editors at Zimpapers - ZANU-PF apol...

by Staff reporter | 28 May 2015 | 3939 Views

Bulawayo born scientist lands top AU post - One of the country's top s...

by Staff reporter | 28 May 2015 | 4109 Views

Tsholotsho medic subjected to sexist abuse by Dembare midfielder - TSH...

by Staff reporter | 28 May 2015 | 3722 Views

Mangoma, Biti relationship deteriorates - Listen

by Staff reporter | 28 May 2015 | 3066 Views

SA permits, Zimbabwean immigrants given a lifeline - SOUTH Africa has ...

by Staff reporter | 28 May 2015 | 6175 Views

Ex-judge rubbishes Mugabe, Tsvangirai - Benjamin Paradza former Suprem...

by Staff reporter | 28 May 2015 | 3451 Views

Mugabe age insult lands man in trouble - Reuben Gatsi of Wolf Farm in ...

by Staff reporter | 28 May 2015 | 2504 Views

EU discussed Dzamara's abduction

by Stephen Jakes | 28 May 2015 | 3000 Views

Zanu-PF, MDC-T MPs in looting spree - The shifting political winds in ...

by Staff reporter | 28 May 2015 | 2328 Views

Chigwedere, Matiza in near fistfight - Zanu-PF Mashonaland East inter...

by Staff reporter | 28 May 2015 | 3016 Views

'Jonathan Moyo plotting against Mugabe'

by Staff reporter | 28 May 2015 | 4463 Views

Bulawayo not part of Zimbabwe, says Zanu-PF - Zanu-PF has begged Bula...

by Southern Eye | 28 May 2015 | 4454 Views

Sangoma predicts war in SA

by Stephen Jakes | 28 May 2015 | 5148 Views

Zanu-PF hawks eye $500m NRZ loan - State bureaucrats are rubbing their...

by Staff reporter | 28 May 2015 | 1937 Views

Kombi crushes baby to death - A SEVEN weeks old baby girl was crushed ...

by Mashudu Netsianda | 28 May 2015 | 2584 Views

Man kidnaps son at gunpoint

by Fungai Jachi | 28 May 2015 | 2057 Views

69% of people in Matabeleland North use bush as toilets - Biti

by Stephen Jakes | 28 May 2015 | 1927 Views

Entertainment

Ex-Generations actress was once involved in an adulterous affair with ...

by Staff reporter | 26 May 2015 | 7215 Views

ZTV blackout looms - ZIMBABWE will likely miss the June 17 Internation...

by Staff reporter | 25 May 2015 | 4968 Views

Bulawayo snubs Big Nuz - AFTER gathering strength to make the long tr...

by Kusile Madlela | 25 May 2015 | 4704 Views

Winky D face 10 year UK ban for fraud

by Staff Reporter | 24 May 2015 | 7037 Views

Ngibhace ezizweni - Unkown Artist - ...

by Staff Reporter | 23 May 2015 | 4842 Views

Zimbabwe linked Tinashe nominated for a BET award - TINASHE Jorgenson ...

by Staff reporter | 23 May 2015 | 3487 Views
iBlog

The Zero-day Vulnerability Cve-2014-4114 Impacting All Versions Of Microsoft Windows

new microsoft windows zero-day vulnerability - cve-2014-4114on tuesday, october 14, 2014, isight partners - in close collaboration with microsoft - announced the discovery of a zero-day vulnerability impacting all supported versions of microsoft win... Read More
SecNews 16 October 2014 ago

Time To Kiss Zimbabwe Goodbye Forever.

By israel dubethings fall apart at zanupf. brother turns against brother, sister betrays sister. the center cannot hold anymore. as the walls of oppression and discrimination collapse, matebeles must make sure that they do not find themselves lost i... Read More
myAfroTube 03 November 2014 ago