News

Yum! Brands to double KFC footprint in Africa

January 10, 2012

Yum! Brands has plans to expand its KFC brand into seven more African countries throughout the year, adding 100 new stores.

The company also plans to have 1,200 KFC outlets in Africa by 2014, according to the Wall Street Cheat Sheet.

Last year, the brand opened in Zambia, Ghana and Kenya. This year's target countries include Angola, Malawi, Tanzania, Uganda, Angola, Zimbabwe, Congo and Madagascar.

Yum! Brands is investing $74 million for the expansion.

Yum! also plans on introducing the Pizza Hut brand to South Africa within the next two years.

African countries have been a recent target of growth for many retailers and restaurant chains, as the middle class is expected to increase to 1.1 billion people by 2060, according to the African Development Bank.

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