Choppies to pay $12m as it exits East African market
The East African Tuesday January 26 2021 A Choppies supermarket outlet in Kenya. The Botswana-based retailer has had to exit Kenya and Tanzania. PHOTO | FILE | NMG Summary The retailer’s operations in Mozambique were closed in September 2019, followed by the operations in Kenya and Tanzania in March 2020. Advertisement Choppies Enterprises Ltd is facing a $12.4 million debt owed to banks and suppliers in Kenya and Tanzania, as the retailer prepares to exit from the region after closing down its operations in March 2020. The Botswana-based retailer, which is listed on the Botswana Stock Exch...
Source: theeastafrican.co.ke