Naivas, controlled by Mauritian tycoon Arnaud Lagesse-led IBL, posts $19 million profit
Naivas, Kenya’s biggest retailer now led by Mauritius-based IBL Group, posted a 43% profit jump to $19 million in 2025 despite economic headwinds.
Naivas International
Naivas, owned by Kenya’s Mukuha family, opens 100th branch
The leading retailer, which is majority-owned by the Kenyan Mukuha family, has also announced plans to add two more units by the end of the year.
KRA pursues $12.5-million tax claim against Kenya’s Mukuha family
The KRA’s demand is linked to a 31.5-percent stake sale in Naivas International in 2020 by members of the Mukuha family.
Kenya’s Mukuha family-owned Naivas to open two new branches within a month
Naivas International was established in 1990 by the late Kenyan tycoon Peter Mukuha Kago.
Firm tied to Mauritian Lagesse family poised to become majority shareholder in Naivas, Kenya’s largest retailer
Mambo Retail is an investment vehicle linked to IBL Group, a prominent Mauritius conglomerate led by Mauritian tycoon Arnaud Lagesse.
Kenya’s wealthy Mukuha family eyes $41.7-million deal valuing Naivas at $379 million
Once the deal is finalized, it will mark the third time the super-rich Mukuha family has divested part of their stake in Naivas.
Mauritian tycoon Arnaud Lagesse’s IBL invests in Mambo Retail to acquire stake in Naivas
Arnaud Lagesse, alongside his siblings Benoit, Hugues, Jean-Pierre, Thierry, and Stephane Lagesse, holds a 16.8-percent joint stake in IBL.
Owned by Kenya’s Mukuha family, Naivas rakes in $15.2-million profit in 9M 2023
The leadership of the Mukuha family has played a pivotal role in the company’s growth.