Choppies Enterprises Makes Strategic Moves Amid Growth in Southern Africa
In a significant development for Choppies Enterprises Limited, key members of the company’s management team have recently executed on-market share purchases, reinforcing their commitment to the business amidst a dynamic Southern African retail landscape. The transactions, which took place on December 18, 2025, align with the Botswana Stock Exchange’s requirements and signal confidence in the company’s Long-Term Incentive (LTI) scheme.
At a share price of 1.44 Botswana pula—approximately N.83—these purchases reflect a proactive approach by the management to bolster their ownership stakes. Notably, Minnesh Rajcoomar led the way, acquiring 577,321 shares amounting to a total value of BWP 831,342. Other key players included Vidya Sanooj and Subeesh Kolazhy, each purchasing 500,000 shares valued at BWP 720,000. These strategic investments underline the leadership’s belief in Choppies’ growth trajectory and long-term vision.
Choppies Enterprises, headquartered in Botswana and prominently listed on the Botswana Stock Exchange, also maintains a secondary listing on the Johannesburg Stock Exchange. The company’s recent performance highlights a mixed yet optimistic outlook across various markets. For instance, in Namibia, sales skyrocketed by an impressive 42.3%, with like-for-like sales climbing by 33.06%. This remarkable growth was complemented by a substantial 220% increase in earnings before interest, tax, depreciation, and amortization (EBITDA), showcasing the potential for further expansion in the region.
Meanwhile, in Zambia, Choppies witnessed a 12.4% growth in sales measured in pula, translating to a notable 26.7% growth in local kwacha terms. Nine new stores were inaugurated, reflecting the company’s commitment to expanding its footprint. While challenges such as currency depreciation and power supply issues impacted costs, the adjusted EBITDA saw a commendable increase of 19%.
Choppies is also exploring new opportunities in Southern Africa, especially in areas benefiting from emerging oil and green hydrogen developments. This forward-thinking approach allows them to tap into regions with potential growth, setting the stage for sustainable development.
Interestingly, the company’s past operations in Zimbabwe were streamlined after the sale of its assets to a regional supermarket chain in late 2024, facilitating a sharper focus on markets with greater potential.
In Botswana, sales increased by 11.4% to BWP 5.66 billion, coupled with a 7.1% increase in like-for-like sales. However, rising costs have posed challenges to profitability even as the Liquorama liquor segment experienced solid growth with a 13.2% surge in sales.
As Choppies Enterprises continues to navigate the complex retail environment in Southern Africa, the management’s latest share acquisitions amplify their strategic vision for the future. This commitment instills confidence in both investors and consumers alike, forecasting a bright future for the retail giant in this diverse and vibrant region.
Stay tuned for further updates on Choppies Enterprises and the evolving retail landscape in Southern Africa.
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