Botswana retailer, Choppies Enterprises set for Kenyan market
Business
By
Kamau Maichuhie
| Oct 02, 2017
Botswana supermarket chain Choppies Enterprises has announced plans to enter the Kenyan market with 22 new branches.
Choppies East Africa Executive Director Vijay Kumar said the new stores to be spread across all major towns across the country would cost the retail chain in excess of Sh2 billion.
Speaking during an inspection tour of the upcoming Kiambu Mall scheduled to be opened in December and where Choppies will be the anchor tenant, Mr Kumar said the retailer is looking to cash in on the current crisis facing the retail sector.
“We are definitely seeking to benefit from the crisis currently being witnessed in the retail sector in the country.
Despite the temporary slump, business will no doubt look up in the near future.” The South Africa and Botswana-listed retailer last year finally succeeded in its quest to enter Kenya’s retail space through the acquisition of Ukwala Supermarkets.
READ MORE
Private developers eye deeper presence in Coast region
CS Kabogo: Digital economy now established, focus shifts to governance and accountability
How Ruto's aggression over fuel prices with EAC neighbours strains ties
Ruto opts for electric cars to escape high fuel prices
Kenya, Netherlands moot corridor to link EAC and Europe
Coastal property developers bank on Badawy to spearhead expansion strategy
Kenya to host Africa's digital economy summit as push for unified market intensifies
Afreximbank launches third AfCFTA bootcamp, firms urged to tap trade pact
Africa urged to plug leakages, mobilise local capital as global funding dries up
The retailer took over eight Ukwala outlets across the country. Three of the stores are in Nairobi, four in Kisumu, and one in Bungoma. Choppies operates 125 retail outlets in Botswana and South Africa.