ABN – Botswana-based food retailer Choppies has announced that it will acquire 10 Ukwala Supermarket outlets in Kenya for R102 million.
Three of the acquired stores are based in the country’s capital Nairobi and the others are based in Nakuru and Kisumu.
Choppies will establish a joint-venture local partner in Kenya who will operate 25% of the company’s operations.
The acquisition further implements the company’s plans to expand its operations throughout Africa.
Choppies has set an expansion target of 200 stores across six African countries by year-end 2016.