UK Government to Buy 6.5% Stake in Quickmart

UK government bets $15 million on one of Kenya’s biggest supermarket chains as QuickMart heads for IPO

The Foreign, Commonwealth & Development Office (FCDO), an investment arm of the United Kingdom’s (UK) government, has committed $15 million to the initial public offering (IPO) of one of Kenya’s largest retail chains, Quick Mart.

UK govt's arm acquires multi-billion stake in Kenya's retail giant

The UK's FCDO commits KSh 1.94 billion to QuickMart's KSh 15 billion NSE IPO, joining IFC interest as the retailer prepares to list in Nairobi's capital market.

UK Government acquires Ksh 1.94B stake in Quickmart

Kenyan retailer Quickmart, has received a share subscription worth Ksh 1.94 billion ($15m) for its ongoing Initial Public Offering from MOBILIST programme. The latest subscription by MOBILIST programme which is flagship public-markets programme backed by the UK Government’s Foreign, Commonwealth and Development Office (FCDO), represents 13% of the Ksh 15 billion Offer. “We welcome MOBILIST […]

UK Government to Buy 6.5% Stake in Quickmart

The United Kingdom government is preparing to invest in Kenya’s retail sector through a planned acquisition of a 6.5 per cent interest in supermarket chain Quickmart, committing approximately Ksh 1.94 billion to the business as part of its proposed public share sale. The investment will be channelled through MOBILIST, a UK-backed initiative that seeks to […]

UK government arm buys a 6.5pc stake in Quickmark

Quickmart is now the second largest retail chain in Kenya behind Naivas by store count and turnover, with an estimated 15 percent share of the market.