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Bostwana’s Choppies to inject Sh755m into loss-making Ukwala
Ukwala Supermarket on Tom Mboya Street in Nairobi. PHOTO | FILE
Botswana retailer Choppies is set to invest Sh754.7 million in loss-making Ukwala Supermarkets in which it acquired a 75 per cent stake earlier this year.
The multinational retail chain says in its latest trading update that it will invest the cash to open 12 more stores in the local subsidiary over three years.
