KFC to open 130 new stores in Africa in 2012.

By bne IntelliNews February 6, 2012
US fast-food giant Yum Brands plans to open about 130 new KFC stores in Africa this year, boosting the total number of restaurants to 1,000, Business Day reported, quoting the companys general manager for Africa Keith Warren. "Last year we opened about 70 KFCs. This year we plan to up the ante. The opportunities in Africa are enormous," Warren was quoted as saying. Yum plans also to bring KFC stores into seven new African countries this year, including Tanzania, Uganda, Angola, Malawi, Zimbabwe, the Democratic Republic of Congo (DRC) and Madagascar. The company opened KFC restaurants in Zambia, Ghana and Kenya last year. KFC aims to have presence in 20 countries throughout Africa by the end of 2012. Yum, which owns the KFC, Taco Bell and Pizza Hut brands, intends to open Pizza Hut restaurants in South Africa by the end of the year. "The expansion into Africa is aimed at tapping into a rising middle class market with strong economic growth potential as there is a move towards a stable, salaried job culture and away from traditional agriculture activities," Yums general manager of new African markets, Bruce Layzell, was quoted as saying. Yum had a turnover of about ZAR 8bn (EUR 797.4mn) in South Africa last year.
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