👨🏿🚀TechCabal Daily – Koko’s clean-up is taking a while
In today's edition: Kenyans are watching two IPO deals // Koko’s continued search for a buyer // Senegal maps rules for satellite Internet // Zimbabwe’s new AI hub
Kenya's capital markets are abuzz this week as two significant deals make headlines. The first is Quickmart, the leading Kenyan retail supermarket chain, which has opened its public offer. The company plans to sell 2 billion existing shares, comprising about 50% of its business, at a price of KES 7.50 ($0.058) per share. The IPO aims to raise KES 15 billion ($116 million), valuing Quickmart at KES 30 billion ($232 million).
The deal is set to close on October 30, with trading expected to begin on November 12, according to TechCabal Daily.
Written by urgent.news from TechCabal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
