Quickmart announces plans to list 50% stake on Nairobi Securities Exchange

Kenyan supermarket chain Quickmart PLC has announced plans to list 50% of its shares on the Nairobi Securities Exchange (NSE). The proposed transaction, announced on September 23, 2026, involves the sale of 2 billion existing ordinary shares, representing 50% of Quickmart's issued share capital. The shares will be offered by Sokoni Retail Kenya Limited (SRKL), Quickmart's sole shareholder, who is expected to retain approximately 50% of the company if the over-allotment option is not exercised.

If exercised, SRKL's stake would fall to around 42.5%. The shares being sold would result in a pro-rata partial exit by SRKL shareholders. Quickmart targets more than 100 stores across Kenya and aims to increase like-for-like sales, expand its online offering and delivery partnerships, and improve operational efficiency. Shareholder Adenia Partners and Group CEO Peter Kang'iri emphasized the listing's potential to broaden ownership, increase investor participation, and enhance Quickmart's profile among suppliers and partners.