UK Government Acquires Stake in Kenyan Retailer Quickmart

The UK Government has acquired a Ksh 1.94 billion stake in Kenyan retailer Quickmart through its MOBILIST programme.

This investment represents 13% of Quickmart's Ksh 15 billion Initial Public Offering.

Investment Details

• MOBILIST programme is a flagship public-markets programme backed by the UK Government’s Foreign, Commonwealth and Development Office (FCDO)
• The International Finance Corporation (IFC) has also made a conditional commitment to purchase up to Ksh 1.94 billion worth of shares

Quickmart's IPO, which opened on October 5, is expected to close on October 30, with listing on the Nairobi Securities Exchange (NSE) scheduled for November 12, 2026.

Source: KBC Digital. AI-assisted summary.