Leading fast-food chains in Zimbabwe are suspending their operations in parts of Zimbabwe due to lack of enough cash.
These food chains are unable to restock from their suppliers because there is not enough U.S dollar currency to do so.
The popular KFC has already placed notices at its branches in the capital, Harare, and the second city, Bulawayo, informing customers about its closure.
In that notice the company said it would remain closed “during these difficult times” until further notice.
“This is due to the fact that we are unable to source stock from our suppliers as they require US dollars. We are doing everything possible to resume trade as soon as possible,” the notice said.
Another fast food chain, Chicken Inn says it has ran out of stock to continue to operate. It has not indicated when it will resume.
A local pizza outlet St Elmos has also informed its customers on its Facebook account that “Unfortunately we are unable to source stock unless we pay suppliers in US $ cash. We will take this time to do a deepclean and some running repairs, and will hopefully open ASAP.”
Zimbabwe is currently facing an acute shortage of the US dollar currency. Suppliers are however demanding payment in the US dollar currency.
The current shortage is the worst to hit the country since 2016, a situation that is affecting the country’s economy.
Zimbabwe in 2009 decided to use the U.S. dollar as its currency after discarding its own hyperinflation-hit currency.
Source: Africafeeds.com
