The retail store Tuskys has been granted entry into the Nairobi Securities Exchange incubation program dabbed Ibuka. The supermarket chain aims to use the platform to grow its network of stores.
Speaking during the event to mark Tuskys entry into Ibuka, NSE Chief Executive Officer said, “Today is a remarkable day for Tuskys as it seeks to leverage on the NSE Ibuka Program to enhance its growth as the leading retail chain in the region”.
Under the program, Tuskys will work toward listing on the Nairobi Securities Exchange. The stock market chairman Samuel Kimani congratulated the chain store on the bold step to join the Ibuka program. “I wish to congratulate Tusker Mattresses Limited for making this bold step that will set them apart from the competition and put them on their next growth trajectory” he said.
Tuskys is one of the leading retail stores in Kenya. It has roughly 63 stores spread out across Kenya and Uganda with a customer base of approximately 10 million clients. Tuskys provides retail services through its physical stores as well as an ecommerce platform tuskys.com. The company CEO Daniel Githua expressed his excitement at joining the incubation program. Mr. Githua said that they intend to be one of the most incredible listings at the Nairobi bourse.
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