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IBL Group acquires Amethis stake in Naivas International

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By Shadrack Nyakoe

IBL Group, the largest conglomerate in Mauritius, is the lead investor of a consortium that has signed an agreement to acquire a significant minority stake in Naivas International (Mauritius), with private equity firm Amethis exiting its investment.

Naivas International owns 100% of the shares of Naivas Limited, a leading supermarket chain in Kenya. IBL’s partners in the consortium are Proparco, a subsidiary of Agence Française de Développement (AFD) and DEG, a subsidiary of German KfW Group.

This agreement is subject to regulatory approvals. The investment in Naivas International is the biggest investment in IBL’s history.

IBL also has significant expertise in the retail sector, operating the leading supermarket chain in Mauritius, Winners.

“This is an exciting partnership by our shareholders that will drive us to the next phase of growth. We appreciate the immense knowledge and capacity in the retail industry that IBL brings to the table”, said David Kimani, Managing Director of Naivas.

He further added, “This transaction is testament to the hard work by Naivas’ management and shareholders of having put in place strong governance and controls, enabling the business to grow sustainably to become one of the leading retailers in the region.”

“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. This is a symbolic move for us. This 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 8,000 people. IBL Group has expertise in the retail sector with our chain supermarket Winners – a flagship of the Mauritian economy.” said Arnaud Lagesse, IBL Group CEO.

Andreas von Paleske, Head of Strategy at Naivas commented, “Amethis invested in Naivas International in 2020, and their strength in partnering with family-owned businesses has led to a demonstrable step-up in governance and growth. Amethis sale of its stake in Naivas International represents the successful culmination of their partnership with the business. We are now thrilled to embark on the next phase this journey and welcome an exciting partnership with IBL.”

Frank-Astère Ndiyo Butoyi, Investment Director at Amethis, added “We are proud to have been in the Kenyan retail landscape and supported a very successful Kenyan business who understands best the Kenyan consumer. As we exit our investment, we wish IBL and the Naivas International team the best for the future.”

Africa

Kenyans stranded as diplomatic mission in Sudan closes

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By Wanja Waweru

The Kenyan diplomatic office was closed on Sunday, leaving Kenyan residents left in the civil war-torn Sudan with an unknown future.

The return of warfare in Sudan, which has been specifically targeting diplomatic posts, was blamed for the closure, which was announced by Foreign Affairs Principal Secretary Korir Sing’Oei.

“The safety of our diplomatic officials is paramount, and we have been receiving disturbing reports of armed groups targeting diplomatic personnel in Khartoum, Sudan. As a result, the Kenya Mission in Khartoum, which had previously remained open to facilitate the evacuation of Kenyans, is now closed,” stated Sing’Oei

Alfred Mutua, the cabinet secretary for foreign affairs, had already told the country in April that plans were in place to evacuate Kenyans if the situation in Sudan worsened. At the time, it was thought that there were around 3,000 Kenyans living in Sudan.

Over 900 Kenyans were flown out of Sudan by the government in coordination with national airlines.

But now that the diplomatic post has been shut down, it’s unclear what will happen to the remaining Kenyans who are still in Sudan. The number of Kenyans still living in the war-torn nation and the arrangements for their departure have not yet been disclosed by the government in a statement.

There are no indicators that the violence in Sudan will end. Only a few days earlier, rockets in Khartoum struck a market, killing 18 people and injuring hundreds more leaving more than 100 injured.

The continued fighting between military troops has prevented the US and Saudi Arabia from mediating peace talks and humanitarian assistance.

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Africa

I did not raise him – Facebook Rapist’s mother speaks

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Thabo Bester’s mother, Maria Mabaso, recently admitted that she didn’t spend much time with her son while he was growing up. Thabo Bester is also referred to as the “Facebook rapist” and is the most sought criminal in South Africa.

Mabaso claimed in an interview with South Africa’s Eye Witness News that she had to leave her son in the care of his grandmother when he was just a year old since she was a single parent who worked nonstop.

Over time, this caused the bond between Mabaso and her mother to deteriorate.

“He was entrusted into the care of his grandmother at the age of one due to her being a single parent and having to constantly work,” Ms Mabaso told South Africa’s Eye Witness News.

She said this resulted in the relationship between her and her mother worsening over the years.

“At the end of the day, my mother shouted at me every day. She pushed me away. When she pushed me away, I said ‘No, I will sit by my place and I am not going there ever again,” she was quoted as saying.

Ms. Mabaso disclosed that the mother’s illness and subsequent death occurred when the son was in his teen years, at which point she made fruitless attempts to move and establish contact with her son.

Speaking to reporters about the arrest of the couple, who have been on the run since it was discovered that Mr. Bester had escaped from a privately run prison in Bloemfontein in March 2023, Mr. Cele said they had also been detained along with a Mozambican man named Mr. Zakaria Alberto.

“They were arrested with multiple passports in their possession. None of the passports were stamped,” he said in the press conference.

Mr Bester was found with documents that identified him as Mr Tommy William Kelly, an American citizen while Dr Magudumana had documentation that identified her as Martha Patience Mmerika Nitshini.

The passports, according to the South African government, which had received details from Tanzania, where the trio was nabbed, also showed that Mr Bester had more pseudonyms, further adding to the case’s complexity.

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Kenya’s Deputy President Rigathi Gachagua loses Twitter’s Blue tick

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United States (US) social networking giant, Twitter, has removed the blue verification badge from Deputy President Rigathi Gachagua’s account.

Gachagua who has over 500,000 followers on Twitter lost his blue tick on Sunday.

The blue verification badge is notably found on senior government officials, journalists or public figures.

The badge usually indicates that an account holder is a notable person in society, for instance, a senior government official, a journalist or a public figure. It was immediately established why the second in command lost the badge, but it is suspected due to the ongoing policy update, which among others, requires a monthly subscription.

Twitter announced that it will start facing out its legacy blue badges on April 1, 2023.

This follows the platform’s announcement last year, that users will now pay a monthly fee under Twitter Blue to have the badge (blue checkmark).

“On April 1st, we will begin winding down our legacy verified program and removing legacy verified checkmarks,” Twitter said on Friday.

Going forward, Twitter users who want the verification mark will now have to reapply under Twitter Blue.

The changes came about after Elon Musk bought the company.

Under Twitter Blue, subscribers will enjoy priorities in replies, mentions and searches, which Musk said was essential to defeat spam/scams.

They will also be able to post long videos and audio and get half as many adverts.

“There will also be a secondary tag below the name for someone who is a public figure, which is already the case for politicians,” Musk said.

Twitter’s verification which is denoted by a blue check next to the name of the user’s handle, was launched in 2009. This was three years after the launch of the site.

According to the Independent, it was first introduced after baseball legend Tony La Russa filed a lawsuit against Twitter in 2009 over an impersonator.

The idea of verification was that it could prove the identity of a user.

Musk announced a subscription fee of Sh972 ($8) per month for one to get the verification.

The announcement came after the world’s second wealthiest man took sole control of the social media giant in a contentious $44 billion deal (KSh 5.8 trillion). Power to the people! Blue for $8/month,” he tweeted, in reference to the platform’s famous blue checkmark that signals a verified, authentic account.

The new plan’s pricing would be adjusted by country “proportionate to purchasing power parity,” Musk added in the replies to his original tweet, and would also include “priority” in replying to and searching posts, which he called “essential to defeat spam/scam.”

Deputy President Rigathi Gachagua’s Twitter account without the verification blue badge.
Image: SCREEN GRAB

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