Quickmart to Join the NSE
Quickmart is seeking to become the first supermarket to join the NSE since Uchumi listed in 1992.
Uchumi’s revenue peaked at KSh 14.4Bn in FY2014, alongside a market valuation of just over KSh 8Bn, before its sales collapsed over the following decade.
Quickmart enters the IPO process at a significantly larger scale, having generated KSh 50.4Bn in FY2025 revenue, about 3.5× Uchumi’s peak annual sales.
-Kenyan Wall Street
Uchumi’s revenue peaked at KSh 14.4Bn in FY2014, alongside a market valuation of just over KSh 8Bn, before its sales collapsed over the following decade.
Quickmart enters the IPO process at a significantly larger scale, having generated KSh 50.4Bn in FY2025 revenue, about 3.5× Uchumi’s peak annual sales.
-Kenyan Wall Street