CAK director general Wang’ombe Kariuki. FILE PHOTO | NMG
The 50:50 joint venture deal between regional fuel and motor oil
marketer Vivo Energy and fast food operator KFC in East Africa has been
approved by the Competition Authority of Kenya (CAK).
The
non-fuel joint venture between Vivo, which trades under the Shell brand
name, and KFC’s franchise holder Kuku Foods East Africa Holdings will
see KFC open fast food outlets in Vivo properties in Kenya, Uganda and
Rwanda.
“It is notified for general information that in
exercise of the powers conferred upon the Competition Authority by
section 46 (6) (a) (ii) of the Competition Act, the Competition
Authority has authorised the proposed transaction as set out herein,”
CAK director general Wang’ombe Kariuki said in a notice in the Kenya
Gazette last week.
Vivo which will manage and operate
the restaurants on behalf of Kuku Foods which remains local franchise
holders of the KFC brand.
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