Tusker Mattresses, popularly referred to as Tuskys Supermarket, Kenya’s biggest retailer brand plans to list at the Nairobi Securities Exchange (NSE) in 2019 as it eyes increased market share within the East Africa region.
The revelation was made Friday by Jeff Odundo, the NSE Chief Executive Officer (CEO)who
said the supermarket has been working with the NSE for the past eight months in an incubation programme. “We called into Tuskys a few months ago and we feel at home that this firm is almost ready to list at the NSE,” Odundo said. The NSE chief added that staff and suppliers should consider buying into the Employee Share Ownership Programme (ESOP) scheme and raise development funds.
Tusker Mattresses Group Chief Executive Officer Dan Githua said the retailer was looking
forward to great things next year, without giving further details only intimating that the retailer was pursuing a corporate strategy in readiness of morphing into the premier retailer within the East Africa region.
Tuskys has a clothing subsidiary in Uganda and is eyeing on opening 100 outlets in the next
three years in the neighboring state, the only other country that the Tuskys brand has a presence.