Botswana retailer Choppies Supermarket closes third outlet in Kenya

KENYA – Botswana based retailer, Choppies supermarket has closed its third outlet in Nanyuki, following its prior closure of its Kiambu and Bungoma outlets this year as the firm experienced stock outs amid static fixed costs of running on empty shelves. This is in line with the retailers plans of exiting the Kenyan market as revealed in an extraordinary general meeting (EGM) with its shareholders, classifing its 12 stores as distressed. Following Choppies recent branch closure, the Kenyan retailer Tuskys has taken over Nanyuki Mall as anchor tenant.  “Choppies enterprises…

Read More

Botswana’s Cereal Production to Decrease to 8,000 tonnes in 2019

BOTSWANA – According to United Nations Food and Agriculture Organisation (FAO) quarterly global report on crop prospect and food situation, Cereal production in Botswana is estimated at a low 8 000 tonnes this year which is about 82% lower than the previous five-year average. “The 2019 summer cereal crops (maize, millet and sorghum) were harvested by June this year while the winter wheat crop is expected to be harvested in October. Overall, cereal production is estimated at an extremely low level of 8 000 tonnes,” said FAO in a statement.…

Read More

Botswana retailer Choppies Supermarket to exit Kenyan market

KENYA – Botswana based Choppies Supermarket has revealed plans to exit the Kenyan market four years after acquiring Ukwala stores for US$10m (Sh1bn) following challenges of growth and financial constraints. The Botswana retailer started as a single store in 1986 and has grown to Zimbabwe, Zambia, Mozambique, Namibia, Tanzania and Kenya where it grew to over 12 stores after acquiring homegrown retailer, Ukwala Supermarkets. In an extraordinary general meeting (EGM) with its shareholders, the troubled retailer revealed that it had listed its Kenyan assets for sale and has classified its…

Read More

Botswanan retailer Choppies plans exit from South Africa market

SOUTH AFRICA – Botswana based retailer, Choppies Enterprises, has unveiled plans of exiting the South African market, a few years after expanding into the country. The retailer, which has been hit by operational turbulence in recent months, said in a statement that after completing a strategic review of its business that it plans to sell its stores in South Africa. The company, whose stock is currently suspended from trading on its primary bourse in Botswana as well as on the Johannesburg stock exchange, operates 88 stores in South Africa. The…

Read More

Botswana retailer Choppies Supermarket closes branch in Kenya

KENYA – Botswana headquarters retailer, Choppies Supermarkets, has closed one of its outlet in Kenya, despite the retailers ambitious expansion plan in the rapid growing retail sector. The Bungoma unit in Western Kenya was closed after the retailer’s continued struggle to stay afloat amid the ongoing corporate troubles that have rocked the company since last year. The Botswana retailer started as a single store in 1986 and has grown to South Africa, Zimbabwe, Zambia, Mozambique, Namibia, Tanzania and Kenya where it grew to over 12 stores after acquiring homegrown retailer,…

Read More

Shoprite invests US$1.3m in Botswana’s first distribution center

BOTSWANA – Shoprite Bostwana,  Subsidiary of Shoprite Holding Limited, has opened its first distribution centre in Taung, Gaborone after investing about US$1.31m (P14 million) in the facility. The 3 700 square metre state-of-the-art facility has the capacity to handle storage across multiple temperature disciplines, contains tropical ripening rooms as well as offer value-added packing facilities. According to the company, most of the space, about 2 700 square metre, will be occupied by Freshmark, the Shoprite Group’s fruit and vegetable procurement, buying and distribution arm. Speaking at the official opening of…

Read More

Botswana’s retailer Choppies appoints new chief financial officer

BOTSWANA – Botswana’s budget retailer, Choppies has appointed Heinrich Mathiam Stander as the new Chief Financial Officer (CFO) of the company following an earlier resignation of Sanooj Pullarote, the former CFO, reports New Times. Sanooj Pullarote, resigned from the position amid concern months-delayed financial results without giving a reason for his departure. Heinrich Mathiam Stander is an accountant who has held various senior level finance positions the British American Tobacco. Pullarote’s resignation comes just over one month after the food retailer’s shares were suspended from Botswana’s Stock Exchange (BSE) and…

Read More

Group of innovators design records management software to boost farmer sales

BOTSWANA – A group of young innovators in Botswana have designed a farm records management system, Montsamaisa meant to aid farmers in monitoring their farming activities with a long-term goal of ensuring improved farm performance sales. According to an article by AllAfrica, the software helps farmers get accurate feedback vital in making informed decisions. The system has two modules that is, the dashboard page, a decision based phase that helps with farm analysis and statistics. Another phase was machine integration that aimed at helping the software to communicate with internal…

Read More

Botswana turns to South Africa and Zambia for maize imports

BOTSWANA – Botswana continues to import 170,000 metric tonnes of maize annually as it has always run out of corn due to insufficient local production, according to an article by AllAfrica. Speaking in an interview, Botswana Agricultural Marketing Board (BAMB) chief executive officer, Mr Leonard Morakaladi noted that on annual basis the country needed 190 000 metric tonnes of maize. According to him, local production stood at 20 000 tonnes in a good year making the country rely on maize importation from especially South Africa and Zambia. Given the government’s…

Read More

Pioneer Foods’ division Bokomo upgrades milling plant for increased efficiencies

BOTSWANA – Bokomo Foods, a breakfast cereals company and division of Pioneer Foods (Pty) Ltd has unveiled an extensive mill upgrade which it had been undertaking since the first quarter of 2018, reported Botswana Daily News. According to the company’s CEO Mr Werner De Beer, the upgrade was a first of its kind in the milling category and an indication of the company’s commitment towards improving the value chain of all Bokomo products. The company boasts of quality products as a result of strict adherence to quality control measures as…

Read More