UK Government's MOBILIST programme acquires Ksh 1.94B stake in Quickmart
The UK Government's MOBILIST programme has acquired a Ksh 1.94 billion stake in Quickmart, representing 13% of the Ksh 15 billion IPO.
In Brief
- •The UK Government's MOBILIST programme has acquired a Ksh 1.94 billion stake in Quickmart, representing 13% of the Ksh 15 billion IPO.
- •The investment is part of Quickmart's ongoing Initial Public Offering (IPO) and is expected to close on October 30, 2026.
- •Quickmart's IPO comprises 2 billion existing ordinary shares, representing 50% of its issued share capital, offered at Ksh 7.50 per share.
Why It Matters
The acquisition by the UK Government's MOBILIST programme in Quickmart's IPO highlights the growing interest in African markets and the potential for investment in the Kenyan retail sector. This investment could bring in new capital, technical assistance, and partnerships to support Quickmart's growth and expansion. Additionally, the IPO is expected to create long-term shareholder value, impact the economy, and bring convenient, affordable shopping to more communities.
Key Details
- Stake Value
- Ksh 1.94 billion
- Percentage of IPO
- 13%
- Total IPO Value
- Ksh 15 billion
- Number of Shares
- 2 billion
- Share Price
- Ksh 7.50
- IPO Opening Date
- October 5, 2026
- IPO Closing Date
- October 30, 2026
- Listing Date
- November 12, 2026
Context & Background
The MOBILIST programme is a flagship public-markets programme backed by the UK Government’s Foreign, Commonwealth and Development Office (FCDO). It aims to catalyse investment by supporting new products to list on public markets.
What To Watch
November 12, 2026, when Quickmart's shares are scheduled to list on the Nairobi Securities Exchange (NSE).
Original Reporting & Sources
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