US-based fast food giant McDonald’s has cast its sights on Zimbabwe, 11 years after its initial plan to start restaurants in the country failed due to an unprecedented economic and political crisis.
McDonald’s had indicated its interest in Zimbabwe in 1997 and wanted to open a franchise in the country in 1999 but a political storm that year, which later precipitated an unprecedented crisis that saw inflation levels soaring to record highs, forced the fast foods giant to retreat.
But things are now looking up after formation of an inclusive government last year and the ditching of the domestic currency in favour of a hard currency regime which has brought stability into the once-crisis-torn economy.
