Finger on the Pulse

Latest Article 10 Oct 2026

Institutional Vote of Confidence: IFC Buys Stake in Quickmart After Naivas Exit

The International Finance Corporation (IFC), the World Bank Group’s private-sector lending arm, has conditionally committed KSh1.94 billion (US$15 million) to acquire a 6.5% stake in Quickmart PLC. The transaction, executed through Quickmart’s landmark KSh15 billion Initial Public Offering (IPO) that opened on October 5, 2026, at KSh7.50 per share, values Kenya’s second-largest retailer at an […]...

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