Quickmart shares closed at KSh8.90 on their first day of trading at the Nairobi Securities Exchange (NSE) on Thursday, 18.7% above the KSh7.50 IPO price. Investors who received shares in the offer hold KSh1.40 more value per share. The Quickmart debut pushed the supermarket chain’s market capitalisation to KSh35.60 billion, KSh5.60 billion above its KSh30 billion offer valuation. Shares traded between KSh8 and KSh10 in the first session The retailer trades under the ticker QMRT. Some 9.68 million shares changed hands, and prices ranged from KSh8.00 to KSh10.00. The day’s high stood 33.3% above the IPO price. Estimated turnover reached…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Shareholders of Co-operative Bank of Kenya stand to receive an interim dividend of Sh1.50 per share, up 50% from the Sh1.00 per share the bank paid last year. The Co-op Bank interim dividend follows growth of 19.6% in profit before tax to Sh35.9 billion for the nine months ended September 30, 2026. Profit after tax grew faster than profit before tax Profit after tax rose 27.2% to Sh27.4 billion, against 19.6% growth in profit before tax. The gap between the two figures is Sh8.5 billion, the amount the bank kept out of shareholder earnings before profit after tax was struck.…
Members of Parliament want a special audit of Quickmart’s KSh15 billion share sale, one day before the supermarket chain debuts on the Nairobi Securities Exchange (NSE) under the ticker QMRT. The National Assembly’s Public Investments Committee on Commercial Affairs and Energy put the question to the Capital Markets Authority (CMA) on Wednesday. Its chairman, Pokot South MP David Pkosing, asked whether the regulator had examined Quickmart’s finances before approving the offer. Trading is scheduled to begin on Thursday, 12 November. What the committee asked the CMA The committee wanted to know if the CMA had reviewed Quickmart’s financial position, operating…
Sidian Bank is now a third lender behind Safaricom’s Fuliza overdraft, adding to NCBA and KCB Bank as the service passes Sh1 trillion in disbursements for a six month period. Safaricom’s results booklets now name Sidian as a third Fuliza lender alongside NCBA and KCB, although the annual report still lists two. The half year report for the six months to September 30, 2026, also describes the operator as Safaricom Kenya rather than “the Group”. The annual report for the year to March 2026 named only NCBA and KCB. That places Sidian’s entry somewhere between the publication of that report…
Africa Eats Ltd, listed on the Stock Exchange of Mauritius (SEM), reported a loss of USD 699,129 for the quarter ended 30 September 2026. It booked a profit of USD 1,129,977 in the same quarter of 2025. The company says it is advancing a cross-listing on the Nairobi Securities Exchange (NSE). The unaudited results show a profit of USD 1,455,556 in the quarter to 30 June 2026. The Board attributed the swing to fair value adjustments that reflect slower revenue growth and delays in deploying growth capital at some investee companies. Period Result Quarter to 30 September 2026 Loss of…
The Bank of Uganda held its Central Bank Rate (CBR) at 12 percent on Monday, 9 November 2026, and cut its growth forecast for the 2026/27 financial year to 5.5 to 6.0 percent from 6.0 to 6.5 percent. The Monetary Policy Committee (MPC) also widened the band around the CBR to plus or minus 3 percentage points from plus or minus 2. This decision follows a special meeting on 14 October, where the MPC raised the rate by 225 basis points from 9.75 percent. The statement says the hold gives “sufficient time for the effects of previous policy measures to…