6 March 2015
   
New Zimbabwe Header
MPs: cops not fit to prosecute in court
Sankara remains to be exhumed
Mugabe pay tripled to $12,000 per month
Vendors victims of govt failure, Ex-PM
Get healthcare locally, says Mugabe
Zanu PF MPs back 'betrayed' Tsvangirai
Only 'mad' adult wants birthday gig, NCA
Analysis: Why Europe is cozying up to Bob
MORE NEWS
Chamber: platinum smelter to start 2016
Government to save MicroKing, minister
MORE BUSINESS
Danger zone surpasses Marley comparisons
Zim-born scribe authors best-seller
MORE SHOWBIZ
Ireland game crucial: Brendan Taylor
Highlanders sound strikers worry
MORE SPORTS
Mugabe national holiday long overdue
No to loyalty-based economic system
MORE OPINION
 
Zim land seizures reconsidered
Economic growth: What Zim must do
MORE COLUMNISTS
 
 
Duty hike could hold up KFC's Zimbabwe return
10/12/2012 00:00:00
by Business Reporter
 
Return ... The old Bulawayo KFC restaurant
 
RELATED STORIES
Duty stand-off threatens KFC return

INTERNATIONAL fast food giant KFC will reopen restaurants in Zimbabwe in the new year – but the company that holds the franchise is lobbying ministers to be allowed to import chickens from South Africa.

KFC closed branches in Harare and Bulawayo at the height of Zimbabwe’s economic crisis in 2007, but with the return to stability since 2009, the company has identified Zimbabwe as a potential growth area.

Businessman Kevin James – owner of Consolidated Farming Investments Limited, a leading investor in the fast food sector in Zimbabwe – is heading KFC’s re-entry into Zimbabwe.

James is also the CEO of South Africa-registered company, Country Bird Holdings Limited, the third biggest chicken supplier in that country.

Through his links with Country Bird Holdings, James has established himself as Zimbabwe’s biggest importer of chickens – but Finance Minister Tendai Biti significantly increased duty in his 2013 budget.

Sources told New Zimbabwe.com that James 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.

KFC’s request for special treatment will rile the local poultry industry which has welcomed the new import duty regime of $1,50 per kg or 40%, whichever is higher.

The Zimbabwe Poultry Association said it hoped the new duty would see some of the US$65 million spent on imports going to local breeders.

Keith Warren, KFC’s general manager for Africa, says the return of KFC to Zimbabwe is part of an expansion strategy which will see more restaurants being opened in Angola, Malawi, Tanzania, Uganda, the Democratic Republic of Congo and Madagascar.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark
 
 
 
comments powered by Disqus
 
RSS NewsTicker