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Choppies has grown from a single store operating under the name “Wayside Supermarket” in Botswana in 1986 into a leading retailer with more than 260 stores in eight countries.
Ismail, a renowned Botswana businessman, has reshaped the nation’s economy and the broader African business arena.
Ismail owns 14.99 percent of Choppies Enterprises, or 271,691,921 shares.
Through his leadership roles at The Far Property Co. and Choppies Enterprises, Ottapathu has masterminded a remarkable transformation.
Ottapathu owns a controlling 24.48-percent stake in Choppies, totaling 316,353,058 ordinary shares.
Gibson, the deputy chairman and CEO of Chobe Holdings, ranks as one of the richest investors on Botswana Stock Exchange.
Choppies operates as a key player in the food and general merchandise retail sectors under the leadership of Ottapathu.
Gibson’s stake in Chobe Holdings has increased by $5.23 million since the start of the year, solidifying his position as one of Botswana’s richest investors.
Choppies Enterprises is Botswana’s largest retail chain.
Choppies Enterprises was established in 1986 by Ottapathu and Farouk Ismail.
The $4.12-million decrease in his stake pushed the value of his holding well below the $20-million mark in recent times.
Ottapathu and Farouk Ismail, who occupy key roles in the store, control a combined 44.5-percent interest in Choppies Enterprise.
Through its operations, BTC offers fixed, mobile and broadband services to consumers, enterprises and other licensed service providers.