Choppies acquires 10 Kenyan retail stores

Ottapathu
Ottapathu

Leading grocery group, Choppies Enterprises said it would buy 10 stores in Kenya for $10 million (P99.4 million) as part of its expansion plans into east Africa.

Group chief executive officer, Ram Ottapathu confirmed that the retailer has partnered with a Kenyan company by the name Shanta Retail holdings Limited backed by the directors of Export Trading Group (ETG).

“Shanta Retail will be 25 percent shareholders in Choppies Kenya and Tanzania and they will contribute 25 percent equity and debt proportionately,” he said.

Editor's Comment
Happy Independence!

We are 56 years old and what do we have to show for it? Looking at where Botswana started and where it is today, there are a lot of developments, but whether the developments match the number of years we have enjoyed as a country is a topic for another day.The fact that cannot be denied is we have seen major developments, but we are still lacking in several pertinent areas.Our beautiful country imports almost everything. We import fuel, food,...

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