McDonald’s has announced plans to set up base in Zimbabwe..
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.
Posted by Sakhile Malaba
on August 17, 2010. Filed under Financial News.
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