US fast-food chain operator KFC, plans to open more outlets in East Africa through a joint venture with oil marketer Vivo Energy in a deal with the owners of Kuku Foods East Africa Holdings.
The 50:50 joint venture is expected to help the growth of KFC through the opening of new outlets at Vivo’s properties in Kenya, Uganda and Rwanda.
“We are delighted to be partnering with Kuku Foods to replicate the KFC, joint venture model, we pioneered in Botswana and Côte d’Ivoire. Kuku Foods shares our ambition to invest in order to grow the number of restaurants and give more African customers access to the internationally renowned KFC brand.
This partnership further demonstrates our ambition to continue to offer more convenience to satisfy the evolving needs of our growing number of African customers,” said Christian Chammas, CEO of Vivo Energy.
Kuku Foods plans to open first KFC restaurant in Rwanda this year, adding to the 22 restaurants in Kenya and eight in Uganda, located in shopping malls, city center rentals, and service stations.
The deal that is still subject to regulatory approvals, Kuku Foods will remain the local KFC franchisee.