Story perspectives

Quickmart to List on NSE After KSh1.94 Billion IPO

By Drooid · Oct 23, 2026, 11:37 PM UTC · How we work

Summary

Story summary

Quickmart will list on the Nairobi Securities Exchange after the UK government’s MOBILIST programme subscribed KSh1.94 billion.
The International Finance Corporation conditionally committed up to US$15 million (KSh1.94 billion) for the IPO.
The offer includes two billion ordinary shares at KSh7.50 each, representing 50% of issued capital.
Quickmart reported FY2025 revenue of KSh50.43 billion, net profit KSh1.51 billion, and paid a KSh1.65 billion dividend.

History

Historical Context

In 2009 Safaricom launched Kenya’s largest equity offering, listing on the Nairobi Securities Exchange and raising KSh 1.5 trillion. The deal, backed by Vodafone Group and the International Finance Corporation, attracted US$1.5 billion (?KSh 150 billion) of foreign capital and gave the exchange a record-high market-cap. Quickmart’s 2024 IPO mirrors that precedent, with the UK government’s MOBILIST programme and the IFC committing KSh 1.94 billion to fund its Nairobi listing. The parallel suggests Kenya’s capital market continues leveraging multinational backing to fuel retail expansion, reinforcing the exchange’s role as a regional financing hub.

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Story summary

Quickmart will list on the Nairobi Securities Exchange after the UK government’s MOBILIST programme subscribed KSh1.94 billion.
The International Finance Corporation conditionally committed up to US$15 million (KSh1.94 billion) for the IPO.
The offer includes two billion ordinary shares at KSh7.50 each, representing 50% of issued capital.
Quickmart reported FY2025 revenue of KSh50.43 billion, net profit KSh1.51 billion, and paid a KSh1.65 billion dividend.

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