Nevertheless the KFC is bustling on Avenida 25 de Setembro with families purchasing buckets of chicken for dinner and categories of singles buying dishes for pre-nightlife planning.
This scene is not unique to Mozambique. The “KFC gathering,” as you investor labelled it, is the fantasy of KFC owners over the continent and people chicken that is providing. Yet, in many African nations, it may feel like the KFC owners and other restaurateurs outnumber the chicken that is local. In accordance with U.N. Food and Agriculture Organization, chicken consumption will grow north of 150 percent over its 2014 levels by 2030, creating a huge chance of investment. Also prices across the continent are drastically greater than other markets (US$2.20 per kg in U.S., US$3.20 per kg into the EU, and US$3.40 per kg in Brazil).
Africa.com formerly chronicled the challenges of chicken (and eggs) HERE. In this article we examine the top nations for ventures into chicken investment in Africa.
Ethiopia
One farmer simply summarized the investment opportunity in several simple statements: (1) The nation is approaching 100 million individuals; (2) The price of chicken per kilo is around US$8.00 per kilo (US$3.64 per lb); and (3) Average annual usage of chicken in Ethiopia is barely near 5 kg per person. The growth prospect of poultry – just like a number of other sectors – in Ethiopia is gigantic!
Yet farming challenges and transportation dilemmas, including cool storage, have consistently undermined the trajectory.