Who Owns Naivas Supermarket?

From a family business in Rongai to one of Kenya’s biggest supermarket chains. Discover its history, name changes and the people who own it today.

WhOwnsKenya

It Started as a Family Shop in 1990

Founded in Rongai, Nakuru, in 1990, the business was started by David Kimani and Simon Gashwe, with their father, Peter Mukuha Kago, later joining the family enterprise. It began as Gitwe General Stores.

1996: The First Name Change

In February 1996, the business changed its name from Rongai Self Service Store to Naivasha Self Service Store. Naivasha became the location of the pioneering store under the new name.

1998: Another Name Change

In 1998, the business changed from Gateway General Stores to Naivasha Self Service Store. In 2006, it adopted the name Naivas, the brand shoppers know today.

From Rongai to a National Brand

After establishing its roots in Nakuru County, Naivas expanded into other towns and entered Nairobi in 2001. Over time, it grew into a nationwide supermarket chain with more than 110 branches.

The Mukuha Family Still Owns 49%

The founding family retains a 49% stake in Naivas through Gakiwawa Family Company. Despite bringing in outside investors, the family remains a major shareholder in the retailer.

IBL-Led Mambo Retail Controls 51%

Mauritius-based IBL Group controls the majority shareholder, Mambo Retail, which holds 51% of Naivas. Investors Proparco of France and DEG of Germany also hold minority interests in Mambo Retail.

How Naivas Ownership Changed

In 2020, outside investors acquired a minority stake in Naivas. Following subsequent ownership transactions, the IBL-led Mambo Retail group secured 51%, leaving the founding family with 49%.

2025: Naivas Appoints Its First Non-Family CEO

On 1 November 2025, Andreas von Paleske became CEO, succeeding David Kimani Mukuha. The appointment marked a new chapter in the leadership of the family-founded retailer.

The Numbers Behind Naivas

In FY2025, Naivas reportedly generated KSh 114.45 billion in revenue and KSh 2.45 billion in net profit. These figures illustrate the scale of the supermarket chain’s operations.

A Kenyan Brand With International Investors

What began as a family business in Rongai in 1990 has grown into a major national retailer. Today, the Mukuha family retains 49%, while the IBL-led group controls 51%.

Visit WhOwnsKenya