Kenyan supermarket chain Quickmart is preparing to list on the Nairobi Securities Exchange (NSE), with its existing owners planning to offer 50 per cent of the retailer to investors.

The company intends to join the NSE’s Main Investment Market Segment through an offer for sale by its sole shareholder, Sokoni Retail Kenya Limited. The proposed transaction remains subject to approval by the Capital Markets Authority and NSE.

Unlike a conventional initial public offering used to raise fresh capital for a company, Quickmart will not issue new shares or receive proceeds from the sale. Instead, Sokoni Retail Kenya will sell two billion existing shares representing 50 per cent of the supermarket chain, giving the current shareholders a partial exit.

An additional 15 per cent of the shares being offered could also be sold if demand is strong.

Quickmart Grows Into KSh50 Billion Retailer

Quickmart has grown from a single supermarket established in Nakuru in 2006 into a chain of 72 stores across 16 counties.

The business recorded revenue of KSh50.4 billion in 2025, with adjusted profit after tax of KSh1.7 billion. Revenue for the first half of 2026 stood at KSh27.3 billion.

The retailer also employs more than 8,000 people and works with over 700 suppliers. Its Q-Points loyalty programme has about 2.5 million members.

Quickmart’s current structure emerged after private equity firm Adenia Partners invested in Quickmart and Tumaini Supermarket before the two retailers merged and consolidated under the Quickmart brand in 2020.

The company says it expects to continue financing new stores and organic expansion through internally generated cash rather than money raised through the listing.

The public offer is expected to launch around September 30, subject to regulatory approvals and market conditions. The final offer price has not yet been announced.

A successful listing would be significant for Kenya’s capital market, which has struggled to attract major new listings in recent years.

It would also bring one of the country’s largest consumer-facing retail businesses onto the NSE, giving individual and institutional investors direct exposure to Kenya’s formal supermarket industry.

For Quickmart, public ownership could also bring greater financial disclosure and corporate governance requirements while providing its existing shareholders with a market through which to realise part of their investment.