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.

Thatayothe Ditlhokwe returns to the pitch

Ditlhokwe returns after long term injury

Larona Makhaiza | 6 h ago

Gov’t limits Limpopo crash victims’ burial attendance

Boikanyo Mathonsi | 7 h ago

Champagne time for Young Stars?

Boitumelo Khutsafalo | 11 h ago

Botswana editors forum calls for greater inclusivity and consultation

Correspondent | 11 h ago

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

Staff Writer | 2d ago

MISA Botswana celebrates World Press Freedom day

Staff Writer | 2d ago

Unlawful wounding turns to murder

Sharon Mathala | 2d ago

Mahalapye suspected copper cable thief nabbed

Pini Bothoko | 2d ago

Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

The Monitor Editor | 29 April 2024

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