Quickmart Kenya Pursues Nairobi Listing, Relies on Supplier Credit for Growth
1 report, 1 independent
Updated Fri 00:00
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What happened
Quickmart Kenya is pursuing a proposed listing in Nairobi. The company expands by opening ten to fifteen stores each year, funding this growth primarily through internally generated cash and credit from its suppliers, rather than through bank debt. Over 700 suppliers currently work with the chain.
From riotimesonline.com
Why it matters
The company's expansion model relies on suppliers financing stock and working capital. While this approach is efficient, it concentrates risk on the suppliers. Quickmart Kenya asserts that it pays suppliers on time, though this claim has not been independently verified.
From riotimesonline.com
Who's involved
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The entities involved
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