Yum seeks to double Africa revenues in 4 yrs -WSJ

Dec 8 (BestGrowthStock) – Yum Brands (YUM.N: ) plans to more than
double its revenue from Africa to $2 billion in the next four
years and expects to double its number of KFC outlets on the
continent to 1,200, the Wall Street Journal said.

“Africa was not even on our radar screen 10 years ago, but
now we see it exploding with opportunity,” David Novak, Yum’s
chief executive, told the Journal.

Yum, whose brands also include Pizza Hut, Taco Bell and Long
John Silver’s, is branching out into Nigeria, Namibia,
Mozambique, Ghana, Zambia and other African countries, the
Journal said.

Yum Brands could not immediately be reached for comment.
(Reporting by Sakthi Prasad in Bangalore )

Yum seeks to double Africa revenues in 4 yrs -WSJ