Quickmart’s IPO meets a consumer who is coping, not recovering

QM1

Quickmart announced its IPO on 23 September, the same month Kenya’s annual inflation reached 6.8%, its highest since January 2024. Kasi Insight’s data points to a challenging consumer backdrop: household budgets are holding, but confidence in spending and the wider economy remains weak.

September’s Discretionary Spending Index stood at …

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