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Tuskys mulls special listing at NSE

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Shoppers at a Tuskys supermarket in Nairobi. PHOTO | DIANA NGILA 

Tuskys Supermarkets chain is is considering a special listing of shares at the Nairobi bourse.

Nairobi Securities Exchange (NSE) #ticker:NSE chief executive Geoffrey Ondudo said says the retailer is currently on a incubation programme at the bourse.

The NSE, he said, has had more than eight months working with the Tuskys team led by its chief executive Dan Githua as part of the preparatory steps towards a potential listing.

He described Tuskys as a formidable organisation that is ripe for future listing at the NSE in coming months, also noting that it stood a good chance at unlocking value and raising development funds through the listing.

He spoke while addressing Tuskys staff and staff and suppliers on Thursday night at this year’s Tusky’s Partners’ Dinner.

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