This archive report was first published on 2 October 2019.
On 3rd September, 2019, the Competition Authority of Kenya (CAK) authorised the proposed investment in Kuku Foods Kenya Limited by Vivo Energy Investments.
As a result, Vivo Energy will manage and operate restaurants on behalf of Kuku Foods Kenya Limited, which remains the local franchise holder of the KFC brand.
With over 1,800 service stations in 15 countries, Vivo Energy is a leading oil retailer in Africa, distributing and marketing Shell-branded fuels and lubricants to retail and commercial customers.
The company's entry into the fast foods business is expected to re-energize Kuku Foods East Africa Holdings, targeting improved customer satisfaction and market saturation.
CAK's approval of the joint venture is a significant milestone for Vivo Energy, marking its expansion into a new market.
Kuku Foods East Africa Holdings is expected to benefit from Vivo Energy's expertise in managing and operating restaurants.
According to a Gazette notice, CAK authorised the proposed transaction 'pursuant to the provisions of section 46 (6) of the Competition Act, 2010'.
