21 October 2014
   
New Zimbabwe Header
MDC-T rejects senator Hlalo’s appeal
Grace’s Mujuru attacks will spark war: Biti
Gukurahundi: Chief blocks exhumation
MDC-T: Mwonzora slams party rivals
MDC-T outshines Zanu PF in violence, survey
Man jailed 3 mths for fingering girl, 14
Prophet caged 18 yrs for raping congregant
Ebola: Ambulance crew flees Kwekwe scare
MORE NEWS
Econet Global buys Telecel East Africa
Freda Rebecca gold output up 23pc
MORE BUSINESS
Pistorius sentencing on Tuesday
Playwrights pen Ebola awareness piece
MORE SHOWBIZ
Mapeza wants Chibuku Super Cup
Football heroes and their nicknames
MORE SPORTS
Why the hate, the anger, the malice?
Grace Mugabe – a useful fool?
MORE OPINION
 
Grace and Zanu PF’s Ndebele provocation
Ebola: Bio-economic war and Africa (1)
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