NSE’s Odundo Commends Tuskys Move To List At The Bourse

Nairobi bourse chief executive Geoffrey Odundo has commended Tuskys for listing at the bourse.

Speaking during the 2018 gala dinner for the retailer’s staff and suppliers, Mr Odundo described Tuskys as a formidable organisation ripe for future listing at the NSE in coming months.

He said that the retailer is currently under a listing incubation programme with the bourse and stands a good chance at unlocking value and raising development funds through a listing programme.

Such a programme, he explained, could focus on an Employee Share Ownership Programme (ESOP) scheme for the benefit of Tuskys’ staffers, suppliers and related stakeholders.

“We are starting on a journey and we are encouraging staff and suppliers to buy into the scheme when it is set up,” Mr Odundo said.

The NSE has engaged with Tuskys team led by its chief executive Dan Githua for the past eight month as part of the preparatory steps towards a potential listing.