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
Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

Have a Story? Send Us a tip
arrow up