South African giant Chicken Bird Holdings (CBH), the owners of fast-food Kentucky Fried Chicken (KFC) franchise in the country, have committed to invest US$150 million in Zimbabwe’s agricultural sector. This will create 1 500 direct jobs and contribute towards the country’s food security.
The company’s chief executive Mr Marthinus Stander yesterday met President Mnangagwa at his Munhumutapa offices in Harare to outline how they intended to operationalise the US$150 million investment. In a letter that he submitted to President Mnangagwa, Mr Marthinus said:
CBH wishes to invest $150 million (USD) in Zimbabwe. This spend will be in agriculture, in the poultry sector. Over a four-year period, we will build a 50 000 broilers per week abattoir, a 500 000 day-old chicks per week hatchery, 30 breeding houses plus 80 broiler houses (of which 48 houses will be contracted out to farmers in the district) and two feed mills. The growing of maize and soya beans will also form part of the contract grower scheme. The direct employment would be 1 500 people. CBH is keen and serious to help Zimbabwe become self-sufficient in all aspects of poultry as well as in the development of export markets.