Home Southern Africa Choppies on an expansion spree in Namibia

Choppies on an expansion spree in Namibia

168

(3 minutes read)

Choppies, the leading African supermarket chain, is on an expansion spree in Namibia. Choppies is the only company that is listed on both the JSE and Botswana Stock Exchange. The company has announced plans to open 35 additional stores in Namibia over the next five years, expanding its current chain of 15 local stores.

Choppies, the leading African supermarket chain, is on an expansion spree in Namibia. Choppies is the only company that is listed on both the JSE and Botswana Stock Exchange. The company has announced plans to open 35 additional stores in Namibia over the next five years, expanding its current chain of 15 local stores.

The retailer opened its newest store in Donkerhoek, Windhoek, on Thursday. According to the plan, the targeted expansion will increase the total number of retail stores in Namibia to 50. Later this year, the supermarket chain will open two more shops in Oshakati, and one each in Mondesa, Okakarara, and Nkurenkuru. Choppies stated that it has provided employment opportunities to 688 locals since its debut in Namibia in 2017 when it opened its first shop in Omuthiya. Choppies implement a proactive growth plan that enables the employees to progress through the ranks, they Choppies not just as an employment opportunity but as a career path.

Choppies as part of their management policy has always kept the interests of the local communities in mind and sources more than 75% of its vegetables locally that empowers the local community. The company is proactive with the farming community, and often provides much-needed assistance.

Read Also:

https://trendsnafrica.com/botswana-zimbabwe-namibia-and-malawi-scrap-mobile-roaming-charges/

https://trendsnafrica.com/namibia-lowers-5g-spectrum-auction-requirements/

https://trendsnafrica.com/free-visa-agreement-between-china-and-namibia-boost-tourism-and-business/

Choppies Enterprises is Botswana’s largest retail chain, with a centralized distribution network in South Africa, Zimbabwe, Zambia, and Kenya. It distributes both well-known international food brands and its own private-label items. The group operates as a leading player in the food and general merchandise retail segments under Ramachandran Ottapathu, a leading Botswana businessman who co-founded the retail behemoth with Farouk Ismail in 1986. Its profits rose by 141.7 per cent from $4.53 million in 2021 to $11 million in 2022, thanks to higher sales driven by a broad presence across Botswana and a growing footprint in three other African countries. The group’s total retail sales rose by more than 13 per cent, from $402.76 million to $456.4 million, boosted by strong growth in Zambia and Zimbabwe.