25 October 2016
Zanu PF denies taking 5,000 stands back
Norton vote exposes MDC-T, NCA rift
Command agric to over livestock: Made
Cash crisis: Many in tears, sleep at banks
Min: Cholera outbreak feared amid drought
Tokwe Mukosi dam nears completion
SA opposition goes to court over ICC exit
Grace descends on Mat South, blocks demo
Schweppes: What next after Coca-Cola?
Air Zim risks losing planes over debts
UK: Mama Jumbe’s - an oasis of African culture
Late Chenjerai Hove to be honoured on Sat
Soccer star of the year: The nearly men
Arsenal want Arsene Wenger to stay
How land reform left Maphisa booming
Criticism of rogue doctrines Biblical
Pastor Simbo: The Folly of Atheism
Seewell Mashizha: Waiting for a NEW DAY
Duty hike could hold up KFC's Zimbabwe return
10/12/2012 00:00:00
by Business Reporter
Return ... The old Bulawayo KFC restaurant
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.


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

Digg it






Face Book


comments powered by Disqus
RSS NewsTicker