Choppies acquires 10 Kenyan retail stores

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
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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