IBL Group-led consortium agreed to acquire a 40% stake in Naivas International, a supermarket chain, from Amethis, a private equity firm. “I am proud that our partnership with the shareholders of Naivas International marks IBL Group’s first investment as part of our expansion in East Africa. is is a symbolic move for us. is family business created in 1990 is an example of success story that has continued to grow despite the pandemic thanks to its strong business model. With 84 outlets in 20 cities and towns across Kenya, it has put modern grocery retail within everyone’s reach. Naivas also contributes to the Kenyan economy, notably by employing over 8k people. IBL Group has expertise in the retail sector with our chain supermarket Winners – a flagship of the Mauritian economy”, Arnaud Lagesse, IBL Group CEO.