Woolies acquires remaining stake in Zambian operations

"This acquisition of our Zambian business is another important step in investing in our African business and will enable us to ensure we deliver the same brand experience to all our customers," said Paula Disberry, Woolworths group director, Retail Operations.

Woolworths has traded successfully in various African countries outside of South Africa for the past two decades. It currently has 61 corporate stores in 11 countries including Botswana, Namibia, Lesotho, Swaziland, Ghana, Kenya, Tanzania, Uganda, Zambia, Mozambique and Mauritius.