KFC franchisee in joint venture with Vivo Energy to accelerate growth in East Africa

EAST AFRICA – Kuku Foods East Africa Holdings, the owner of KFC franchises in East Africa has agreed to form a joint venture with Vivo Energy to accelerate the growth of the first food chain in the region. Under the joint venture Vivo Energy will take a 50 percent stake in Kuku Foods to help the growth of KFC through the opening of new outlets at Vivo’s properties in Kenya, Uganda and Rwanda. Vivo said the 50:50 venture would manage and operate the restaurants in the three markets on behalf…

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