Botswana firm in deal to acquire Kenya's Ukwala branches

Botswana based Choppies Enterprises Ltd has entered into a conditional agreement with Ukwala Supermarkets to acquire the retail chain’s 10 outlets. The transaction is in line with Choppies’s strategy of expanding into new markets in sub-Saharan Africa and its stated target of operating over 200 stores across at least six countries by December 2016.

The deal provides Choppies with an immediate footprint of established stores and a platform to grow in Kenya. Three of the supermarkets are located in Nairobi, two in Nakuru and five in Kisumu. The acquisition will see Ukwala trade as Choppies Ukwala supermarkets.