Tusker Mattresses, popularly referred to as Tuskys Supermarket, Kenya’s biggest retailer, plans to list at the Nairobi Securities Exchange (NSE) in 2019.
“We are excited to have joined the NSE Ibuka program and we have a strong intent to be one of Kenya’s remarkable listings on the NSE,” said Daniel Githua, chief executive Tusker Mattresses Limited when it joined Ibuka, NSE incubation and acceleration program for high growth companies in Kenya.
The retailer operates serves over 10 million customers monthly across 63 branches in Kenya and Uganda and on its premium e-commerce platform.
The retailer joined the program following a rigorous evaluation and vetting process making it the fifteenth company to join the program since its launch in December 2018.
The company through its Twitter feed further said, “It is an exciting journey for us as we pursue our vision of becoming an affordable brand across all channels…”
Speaking during the admission ceremony, Geoffrey Odundo, NSE chief executive said Tusker Mattresses Limited admission onto the Ibuka Program is a testament to the firm’s commitment to seek ways to enhance its growth and development as it seeks to launch its next phase of expansion across the region.
“The NSE has placed special focus on supporting business growth through a well-structured program aimed at preparing companies to list or access other capital options offered by the market in line with their strategic goals and priorities,” he said.
The NSE Ibuka Program is aimed at growing the visibility, brand recognition and business opportunities among hostee companies.
Tuskys is the fifteenth company to join the program since its launch in December 2018.