Stanchart sees potential in Choppies growth

Thursday, March 27, 2014

Standard Chartered Private Equity (“SCPE”), the investing arm of Standard Chartered Bank, has stated that it intends to hold its Choppies 13 percent stake, acquired early this year for at least 4years. SCPE said it would then review whether to continue investing in the retailer or not.

Head of SCPE, Africa, Peter Baird who was recently joined to the Choppies board of directors as a non-executive director, stated recently at the group financial results that Choppies is their important client with great business and they intend to hold their stake for “at least 4-6 years”. Baird said SCPE decided to invest in the retailer after seeing its potential.

Baird said Choppies is a great success story of entrepreneurship, job creation, and commitment to Africa’s economic potential.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Selefu

10 h ago

BNF opens doors to returnees

Tsaone Basimanebotlhe | 12 Dec 2025

BCP rises strongly, BDP falls as UDC wins

Tsaone Basimanebotlhe | 12 Dec 2025

Sowa Town council raises P1.5 million as financial pressures mount

Tsaone Basimanebotlhe | 12 Dec 2025

Police crackdown on bars, other businesses sparks backlash

Lesedi Mkhutshwa | 12 Dec 2025

From debate to digital warfare: Botswana’s crisis of democratic discourse

THOMAS NKHOMA | 12 Dec 2025

BTC reaches seven-year high on BSE

Mbongeni Mguni | 12 Dec 2025

Discovering serenity: A Journey to Manong Game Lodge

Nnasaretha Kgamanyane | 12 Dec 2025

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...

Mmegi Editor | 12 December 2025

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Stanchart sees potential in Choppies growth

Standard Chartered Private Equity (“SCPE”), the investing arm of Standard Chartered Bank, has stated that it intends to hold its Choppies 13 percent stake, acquired early this year for at least 4years. SCPE said it would then review whether to continue investing in the retailer or not.

Selefu

BNF opens doors to returnees

BCP rises strongly, BDP falls as UDC wins

Sowa Town council raises P1.5 million as financial pressures mount

Police crackdown on bars, other businesses sparks backlash

From debate to digital warfare: Botswana’s crisis of democratic discourse

BTC reaches seven-year high on BSE

Discovering serenity: A Journey to Manong Game Lodge

Human rights are sacred