UK’s MOBILIST and IFC commit $30M to Quickmart’s $230M Nairobi Securities Exchange IPO

The United Kingdom’s Foreign, Commonwealth & Development Office (FCDO), operating through its MOBILIST programme, has officially subscribed for approximately $15 million in shares of Quickmart’s impending initial public offering (IPO) . The Kenyan grocery retail giant, currently operating as a portfolio company of private equity firm Adenia Partners, recently secured regulatory approval to list on the Nairobi Securities Exchange (NSE) in a transaction that values the enterprise at roughly $230 m