Sefalana expects P35m profit from Namibian stores

According to Sefalana‘s financial results for the six months ended October 31, 2014, Metro Stores should contribute approximately 30  to P35 million to profit by the financial year-end in April next year, prompting the Botswana Stock Exchange-listed retail group to search for more opportunities in the neighbouring country.

In July last year Sefalana acquired a chain of 12 Metro stores in Namibia, taking the total store compliment to 13 stores in that country, an achievement which has enabled the group to achieve a very significant presence in Namibia in a short space of time.