MPs Question Quickmart Ksh15B Share Offer as CMA Faces Investor Protection Concerns

Quickmart’s planned entry into the Nairobi Securities Exchange has drawn scrutiny from Parliament, with lawmakers questioning why Kenyans are being invited to buy shares in a supermarket that will not receive the money raised from the public offer.The National Assembly Public Investments Committee on Commercial Affairs and Energy has challenged the Capital Markets Authority (CMA) to strengthen its oversight of public share offers, warning that ordinary investors could lose their savings if they commit money without understanding the financial position of the companies they are buying into.