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Quickmart Sets New 2030 Target After Ksh15B NSE Listing

Quickmart Sets New 2030 Target After Ksh15B NSE Listing

Quickmart Supermarkets is preparing for a major expansion of its retail network, with plans to increase its branches from 72 to 125 by 2030 as the company seeks to strengthen its position in Kenya’s supermarket industry.

The retailer has outlined a growth strategy that will involve opening new outlets, increasing sales at existing branches and improving its online shopping services. The plans come as Quickmart begins trading on the Nairobi Securities Exchange (NSE) following its Ksh 15 billion initial public offering (IPO).

In a corporate disclosure published after its November 12, 2026 listing, the supermarket said it would rely mainly on money generated from its operations to finance its expansion rather than depend on external borrowing.

The company intends to balance the opening of new branches with efforts to improve the performance of its existing stores. It will also invest in its digital shopping platform, Q-Soko, as part of efforts to reach more customers.

Quickmart said decisions on where to establish new outlets would be based on customer demand, the expected financial returns and the possible effect of new branches on stores already operating in nearby areas.

This approach is intended to ensure that new outlets are commercially viable and that expansion does not unnecessarily affect the performance of existing branches.

In brief

Quickmart Supermarkets is preparing for a major expansion of its retail network, with plans to increase its branches from 72 to 125 by 2030 as the company seeks to strengthen its position in Kenya’s supermarket industry. The company intends to balance the opening of new branches with efforts to improve the performance of its existing stores.

This is the opening of the story, shared with credit to Business Today Kenya. The rest of the report — with every detail — continues on the publisher’s website.

Continue reading at Business Today Kenya ↗

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