Choppies Enterprise Ltd. plans to close its supermarkets across several African nations in a bid to focus on its growth in Botswana, where it is listed.
According to Chief Executive Officer Ramachandran Ottapathu, the enterprise will close supermarkets in South Africa
, Kenya, Tanzania and Mozambique because they aren’t profitable.
It will add stores in Botswana this year instead and explore new markets.
“Zambia is self-sustaining and growing slowly and in Zimbabwe we’ll look at the market and how it goes,” Ottapathu said in a phone interview. “Namibia, we need to grow.”
Gaborone-based news site Mmegionline was the first to report the retailer’s exit from four African nations on Monday.