KFC�s bankruptcy raises eyebrows

Siwawa
Siwawa

This week’s trending news that KFC Botswana has been placed under provisional liquidation has raised questions on how such a seemingly lucrative business with an estimated annual turnover of P100 million has found itself saddled with a P110 million debt.

Having operated in Botswana for over 20 years, KFC appeared to be a money-spinning business with franchisor, KFC Africa describing Botswana as one of their key markets in the region largely due to the relatively higher purchasing power of Batswana.

Officials at KFC Africa say they were aware that the local business has of late faced some challenges, especially with regards to supply of certain raw materials, which could have led to a slight decrease in market share.

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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