Nairobi, Oct. 20 -- An arm of the UK government is buying a 6.5 percent stake in Quickmart through the retailer's initial public offering (IPO) for Sh1.94 billion ($15 million), marking another bid by foreign anchor investment.

The United Kingdom's Foreign, Commonwealth and Development Office (FCDO) announced it will buy 260 million of the two billion shares on offer.

Published by HT Digital Content Services with permission from Business Daily....