KFC to open restaurants in Rwanda
US first food franchise Kentucky Fried Chicken KFC, will open its first restaurant in Rwanda soon as East Africa Franchise holder Kuku Foods and petroleum products retailer Vivo Energy enter a non-fuel joint venture designed to accelerate the roll-out of KFC restaurants in Kenya, Uganda and Rwanda.
The 50:50 joint venture will manage and operate the restaurants in the three markets on behalf of Kuku Foods East Africa Holdings, who will remain the local KFC franchisee.
The JV has not indicated a specific timeline for the planned entry into Rwanda.
The transaction that still pends regulatory approval will see KFC expand beyond the thirty five outlets operated by Kuku Foods in the region.
The franchise currently operates 22 restaurants in Kenya and 8 in Uganda.
The five KFC restaurants operated by Kuku Foods Tanzania, the KFC franchisee in Tanzania, will not form part of the transaction. Kuku Foods plans to open its first KFC restaurant in Rwanda in 2019.
“The joint venture will enable a significant increase in the number of KFC restaurants in the portfolio in the coming years. It is envisaged that many of the new restaurants will be opened at Vivo Energy’s network of service stations across Kenya, Uganda and Rwanda, which leverages Vivo Energy’s retail footprint, with more countries to be considered in the future, based on market opportunities,” the partners said in a statement.
