Choppies to exit several African countries, to play wait and see with Zimbabwe

Botswana retail company Choppies is leaving several African countries to focus on its home.

It will close its supermarkets in  South Africa, Kenya, Tanzania and Mozambique because they aren’t profitable.

As for Zimbabwe, Chief Executive Officer Ramachandran Ottapathu said, “In Zimbabwe, we’ll look at the market and how it goes”.

Zambia is seen as self-sustaining while Namibia will be grown.

Zimbabwe is an interesting one because the country does have the potential to move a lot on the retail aspect. This is because a lot of its sector is run by small shops which may mean a huge space is available for a country that imports a lot. Given they can create their own supply chain there are positives for maintaining Zimbabwe for now.

Subscribe to Blog via Email