Choppies Retail Store
Choppies Zimbabwe is the Zimbabwean operation of Botswana Stock Exchange-listed supermarket retail chain Choppies. Choppies Zimbabwe is owned by Nanavac Investment (Pvt) Ltd which is itself owned 51% by Siqokoqela Mphoko (son to Zimbabwe vice president Phelekezela Mphoko) to and 49% the Botswana stock exchange listed Choppies. Vice president Mphoko was the chairman of Choppies Zimbabwe as of December 2014, however. The parent group company, Choppies, has former president, Festus Mogae, as chairman.


Choppies entered Zimbabwe through the acquisition of Bulawayo's Sai Enterprises from Raji Modi [1] However in January 2014, Modi, the country operation's managing director bought back a 20% stake in Choppies Zimbabwe.[2]

Branches

By July 2014, Choppies had 13 stores, all based in Bulawayo. At that time the company announced, through its chief executive, Ramachandaran Ottapathu that it was investing a total USD $10 million into its Zimbabwean operation in an expansion that would see it open more branches around the country. By July 2014, the company said it had invested USD $21 million during 2014[3]

In November 2014, Choppies opened branches in Harare.


Some Articles About Choppies Zimbabwe

Mphoko’s Supermarket Robbed Wed Mar 14 2018

Mphoko’s shop destroyed in Mutare as people celebrate Mugabe’s resignation Tue Nov 21 2017

See more news on Choppies Zimbabwe

References

  1. Choppies Confirms Entry Into Zimbabwe, Zimbabwe Hot News, Retrieved:10 Dec 2014
  2. Raji Modi buys back 20% stake in Choppies, Bulawayo24, Published:10 Jan 2014, Retrieved:11 Dec 2014
  3. Choppies to invest a further $10 mln in Zim this year, Financial Express, Published:10 July 2014, Retrieved:10 Dec 2014