McDonald’s has announced plans to set up base in Zimbabwe..

Posted by on Aug 17th, 2010 and filed under Financial News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

HARARE – Global fast food giant McDonald’s has announced plans to set up base in Zimbabwe. The company, however, said it had not set up a firm date on when it would start operations, but a criterion for its preferred local partner is already in place.

“Eventually, we will take steps to open McDonald’s restaurants in Zimbabwe,” the American company’s international franchising unit said in a statement recently, adding that the local franchisee must have “significant capital, knowledge of the real estate market and retail experience.”

McDonald also said the local partner must commit to training for nine months, be of high integrity, have business experience in the market, history of success and an ability to work well with a franchisor.

Although it did not divulge the names or number of potential franchisees, McDonald’s said it will go through its database before coming up with a preferred partner.

“We will retain all information sent to us in a database and give (applicants) consideration when we take steps to develop restaurants in Zimbabwe,” the company said.

News of McDonald’s plans to set up shop in the country come nearly a decade after another American fast food company, Sammy’s, pulled out of Zimbabwe due to a hyper–inflation induced and battered economy.

Millionaire investor and TA Holdings Limited executive chairman Shingai Mtasa had brought the franchise.

Should McDonald successfully launch in Zimbabwe, it will face stiff competition from other fast food retailers such as the Innscor Africa–owned Nando’s and Steers.

The company has attained global acclaim due to its burgers and fries, generally known as chips in Zimbabwe.

9 Responses for “McDonald’s has announced plans to set up base in Zimbabwe..”

  1. John Smith says:

    Perhaps that one bit of imperialism Zim can do without..

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  2. Abel says:

    why setup shop in a country ruled by a man who breaks your president’s heart.

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    • gwenzi says:

      because mcdonalds is not owned by obama and mugabe is not the only living thing in zimbabwe. I’m not celebrating that mcdonalds is coming to zim but you also need to get over your zidera this zidera that

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  3. Bootlicker says:

    The lure of BLOOD DIAMONDS.

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  4. cecilia says:

    I wonder why Zimbo’s are screaming loud making noise about TARGETED SANCTIONS as they are known to every body eccept those targeted with the sanctions prefere to call them EMBARGO.

    why can’t Zimbabwe also put in place targeted sanctions on the WESTERN COUNTRIES stop supplying them with our diamonds. stop the AKON and company visiting VICTORIA FALLS . And Zimbabwe can also do away with the dirty money the USD if the Americans can withdraw their currency from being used in Zimbabwe.

    Supprisingly macdonald IS COMMING back to zimbabwe are they trespasing the targeted sanctions issue. manyara ka he ma sanctions heyo Macdonald yauyaka.

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  5. Outstanding! We paid for a dealership of these water gels. The cash margins are incredible! Evaluate kits at science44dealer.net

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