Quickmart reveals next move after Ksh15B IPO
Quickmart Supermarkets has unveiled an ambitious expansion strategy that will see the retailer increase its branches across Kenya from 72 to 125 by 2030 following its successful Ksh15 billion Initial Public Offering (IPO). In a disclosure published on its official corporate newsroom following its listing at the Nairobi Securities Exchange (NSE) on Thursday, November 12, […]
Quickmart Supermarkets has announced a bold expansion plan, aiming to boost its presence across Kenya from 72 branches to 125 by 2030, following a successful Ksh15 billion Initial Public Offering (IPO). In a corporate newsroom disclosure published after its listing on the Nairobi Securities Exchange (NSE) on November 12, 2026, the grocery chain detailed its strategy to grow through both physical and digital means, while focusing on maximizing profitability internally.
CEO Peter Kang'iri highlighted the supermarket's crucial role in the economy, connecting farmers, manufacturers, and households, and underlined the company's commitment to supporting over 14,000 Kenyan farmers and its 8,000 employees. The expansion would be funded primarily by the cash generated by the business, with new store locations chosen based on local demand, expected returns, and the potential impact on surrounding outlets.
The retailer will also work to enhance its digital shopping platform, Q-Soko, to provide customers with more convenient shopping options and extend its reach beyond current locations. Quickmart entered the NSE with a reported revenue of Ksh50.4 billion for the 2025 financial year and an adjusted profit after tax of Ksh1.7 billion for the same period.
Written by urgent.news from People Daily Kenya's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
