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
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

Have a Story? Send Us a tip
arrow up