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UK fund’s Sh1.9bn Quickmart IPO deepen Kenya investment
Tumaini Supermarket Founder Moses Nditika (left) during launch of Quickmart IPO on October 06, 2026 at the Nairobi Securities Exchange. With him is Quickmart PLc founder Duncan Kinuthia.
Photo credit: Francis Nderitu | Nation Media Group
An arm of the UK government has deepened its investments in Kenyan capital markets with the purchase of Sh1.94 billion shares in Quickmart’s initial public offering (IPO).
The United Kingdom’s Foreign, Commonwealth and Development Office (FCDO) announced it will buy a 6.5 percent stake in the retailer via MOBILIST, a UK government programme that uses taxpayers' cash to buy stakes in private companies.
