PROJECT

Projects

Summary of Investment Information

Project Number

42809

Company Name

NAIVAS INTERNATIONAL LIMITED

Date SPI Disclosed

Apr 5, 2020

Country

Kenya

Region

Africa

Projected Board Date

Jan 10, 2020

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Aug 4, 2024

Department

Regional Industry - MAS Africa

Industry

Tourism, Retail and Property

Previous Events

Approved : Jan 10, 2020
Signed : Feb 21, 2020
Invested : Feb 25, 2020

Sector

Retail (Including Supermarkets, Grocery Stores, etc.)

Project Description

Naivas International Limited (“Naivas” or “the Company”) is one of Kenya’s leading supermarket chains, with over 60 stores nationwide and established over 30 years ago, by the Mukuha family. The supermarket chain offers a broad range of products that mainly include fast-moving consumer goods (FMCGs), clothing, furniture, electronics amongst others.

 

Associated Advisory Engagement

In addition to this investment, IFC is also looking to engage in a food safety advisory program whilst at the same time supporting the Company in developing an integrated environmental and social management system.                       

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation