Vivo Energy acquires KFC Franchise

Sunday, May 07, 2017

A company jointly owned by Vivo Energy and a South African KFC Franchise operator has emerged as the winning bidder for KFC Botswana, bringing to an the end an 18 month-long liquidation process of the local fast food chain.

The KFC Botswana portfolio, which consists of 12 restaurants, was placed under liquidation in June 2016, after the company failed to service its debts and creditors led by FNBB filed for the company to be liquidated.

Mmegi Business yesterday established that Baobab Energy Botswana - a joint venture company between Vivo Energy and Baobab South Africa, will take control of the assets and operations of KFC Botswana from the liquidator, Nigel Dixon-Warren.

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