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20/05/2026

11/12/2025

Kenya’s largest homegrown supermarket, Naivas, majority-owned by Mauritian tycoon Arnaud Lagesse’s IBL Group, has opened its 112th store in the fast-growing Mihango estate, Nairobi.

The new outlet strengthens Naivas’ footprint in the capital and aligns with its strategy to expand steadily into both established urban centres and emerging neighbourhoods.

The Mihango branch taps into rising demand for groceries and household essentials in Nairobi’s expanding estates, helping Naivas solidify its position in the Eastlands region, an important market for middle- and lower-middle-income consumers.

This expansion follows a strong financial year: Naivas revenue rose 21.6% to $751.4 million, with net profit up 43.4% to $16.1 million, fueled by consumer spending and growth in underserved areas. The supermarket chain also recently rolled out a new ERP system to streamline stock management across outlets.

IBL Group, which owns 51% of Naivas through Mambo Retail, sees East Africa as central to its portfolio, with the region now contributing 37% of the group’s total revenue. Naivas remains a key driver of growth, supporting IBL’s retail division, which reported a 79% surge in operating profit.

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09/12/2025

Ugandan steel magnate Sikander Lalani has abruptly withdrawn Roofings Group operations from Kenya, sending ripples through East Africa’s construction and steel markets.

Lalani, founder and chairman of Roofings, has long been regarded as a stabilizing force in the region, supplying steel roofing sheets, galvanized products, and structural materials across multiple countries.

His sudden exit from Kenya, a key growth market—has raised concerns among suppliers, traders, and competitors about tightening supply and potential price increases.

Industry insiders in Uganda warn that domestic stocks could come under pressure, especially for roofing sheets and hot-rolled steel products that Roofings previously exported in significant volumes.

Founded in the 1990s after Lalani transitioned from a medical career in histopathology to manufacturing, Roofings has grown into a vertically integrated steel powerhouse with multiple plants and rolling mills, known for quality and reliability.

According to sources, rising logistics costs and regulatory challenges in Kenya prompted the consolidation of operations back home in Uganda, even as the company maintains its strong regional presence.

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08/12/2025

Burkina Faso businessman Idrissa Nassa has completed a landmark acquisition, turning TotalEnergies’ Burkina Faso operations into a fully local company: Barka Energies.

Through his investment vehicle, Coris Invest Group (CIG), Nassa now controls the country’s nationwide network of fuel stations, depots, and logistics infrastructure.

The rebrand, officially launched on December 5 in Ouagadougou, signals a major step toward local ownership and economic sovereignty in a sector long dominated by foreign companies.

For consumers, little has changed at the forecourts, staff and services remain consistent. But behind the scenes, Coris Invest Group now manages supply chains, pricing strategy and has the potential to expand operations, setting the stage for regional ambitions.

Barka Energies represents a strategic move for Nassa, taking him beyond banking and insurance into a sector central to everyday commerce in Burkina Faso.

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26/11/2025

Africa’s youngest billionaire, Mohammed “Mo” Dewji, has secured a $24.6 million senior loan from the African Development Bank to expand agro-industrial production through his conglomerate, MeTL Group.

The funding will modernize tea estates, establish 15,000 hectares of sisal plantations, a 200-hectare macadamia farm, upgrade processing facilities, and link smallholder farmers to markets. These initiatives are expected to create 1,400 jobs, boost rural incomes, and generate over $10 million in new annual export revenue.

This loan is part of a larger $74.7 million investment program co-financed by ILX B.V. and MeTL’s own equity, focused on modernizing operations, strengthening value chains, and promoting climate-smart agriculture.

Founded in the 1970s, MeTL is Tanzania’s largest private employer, with operations spanning food, energy, textiles, logistics, and manufacturing. Under Dewji’s leadership since 2005, revenue has grown from $30 million to $2 billion, while he continues to champion job creation and community development.

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23/01/2021

Heads up: Your Karobwa Scents favourites are now available at Master Supermarket and Fraine Supermarket in Ntinda. How's that for convenience? We'll see you at the candle isle.