Choppies enters Zambian market

SHARE   |   Monday, 30 November 2015   |   By Staff Writer
Choppies enters Zambian market

Choppies Enterprises entered the Zambian market this week when they opened their first store at Kanyama in Lusaka. Ramachandran Ottapathu, Choppies CEO, confirmed the development, saying they have received “an overwhelming response from the Zambian consumers.” The company has employed 70 Zambian citizens in the venture that represents the first foothold in that country.
“We concluded over 12 leases which will be operational in next 15 months. Our target is to get to 25 stores,” he said on Friday afternoon. This development comes at a time when the company has already purchased 10 stores in Kenya and is awaiting regulatory approval to operate them. In Tanzania, he said, the work is progressing and “we will be able to open before end of June at least one store”.
Botswana’s leading retailer that has it primary listing on the Botswana Stock Exchange and secondary listing at the Johannesburg Stock Exchange has a target of having 200 stores in sub-Saharan Africa by the end of 2016 calendar year. At the end of the 2015 calendar year it had 134 stores. Its target is to have 35 new stores, excluding acquisitions in the coming financial year. 
 



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