UK government commits Sh1.94 billion to Quickmart IPO ahead of Nairobi listing

The UK’s Foreign, Commonwealth and Development Office has committed Sh1.94 billion through its MOBILIST programme to acquire a 6.5% stake in Kenyan retailer Quickmart. The investment comes as the company prepares for a November listing on the Nairobi Securities Exchange. The commitment signals international investor backing for a Kenyan business ahead of its planned entry into the public market.

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