Choppies Enterprises Ltd is facing a $12.4 million debt owed to banks and suppliers in Kenya and Tanzania, as the retailer prepares to exit from the region after closing down its operations in March 2020.
The Botswana-based retailer, which is listed on the Botswana Stock Exchange and cross-listed on the Johannesburg Stock Exchange has discontinued operations in four countries — Kenya, Tanzania, Mozambique and South Africa.
