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Agriculture

KFC and Bostwana break up!

Friday, 03 June 2016 18:43

(Ecofin Agency) - It would have lasted 20 years but it finally ended. That is the love story between American fast-food Kentucky Fried Chicken (KFC) and Botswana. Truly, the fast-food will cease all activities in the country on June 5, 2016.

The news came through a statement from VBP Propco (KFC’s local franchise) and comes amid economic turmoil in Botswana. This turmoil emerges from a fall in commodities’ prices which impacted populations’ purchasing power and from a severe drought that cost many their jobs.

KFC, which had 12 branches across Botswana, is present in 14 African nations, Reuters reports. This year, the company should expand its wings to Ethiopia and invest $17 million in Zimbabwe by 2020.

Aaron Akinocho

 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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