12 February 2016
   
New Zimbabwe Header
Mugabe toys with feuding party factions
Gun row dominates Kereke rape trial
Dzamara: Church seeks Mugabe meeting
Company closures: Women hit hardest
No to Rhodes-type investors, minister
3mln Zimbabweans fled the country, group
Angola health crisis as oil price falls
South Africans in anti-Zuma protests
MORE NEWS
Gwanda miner hedges 15,000oz gold
Lonmin takeover: CEO Magara speaks
MORE BUSINESS
Tansit Crew stage Valentine’s concert
US: Gurira revisits Rhodesian repression
MORE SHOWBIZ
Chicken Inn ready for SA's Sundowns
Sean Williams abuses umpire, suspended
MORE SPORTS
Famine as the price of socialist misrule
The UK must keep out of succession politics
MORE OPINION
 
Succession: Ungifted Croc has lost it
Zim: a compelling case for political reform
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
 
Car shipping to Namibia, Zimbabwe, Botswana, Mozambique, South Africa and Zambia from UK
RSS NewsTicker