Africanhair PLC, trading as BeautyClick, a beauty e-commerce company has announced its intention to raise new equity by listing at the Nairobi Securities Exchange (NSE).
A team of experts has already been appointed to initiate the process which received which was unanimously supported by the company’s shareholders.
“Upon receiving the green light from our shareholders, we kick-started the process to seek requisite regulatory approvals for a listing and further capitalization at the Nairobi Securities Exchange. To this end, we have appointed a team of experienced transaction advisors to provide the appropriate guidance on the process, “said the company’s Founder, and Director Jesper Drescher.
Speaking on the shareholders’ consent for an NSE listing, Drescher said shareholders’ unanimous decision sets the pace for the company to invite the public to invest as it seeks further capitalization to bolster its growth plan.
The Company’s shareholders recently approved its quest to raise new equity for the purpose of strengthening the commercialization of its beauty product portfolio.
It is a decision which will also see BeautyClick enhance its technology-backed e-commerce platform and accelerate growth both in Kenya and the region. The approval included a directive to immediately start the listing process.
The firm terms itself as a pioneer and the leading online retailer in Kenya’s beauty industry.
Its BeautyClick trading brand lists skincare and hair care products from the world’s most renowned brands including Maybelline, Revlon and Garnier.
BeautyClick was founded in 2016 by Danish investors and serves as an online retailer in Kenya’s beauty industry.
