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- IBL Group, the Mauritian business group with a presence in Africa, Europe, and Asia is growing its footprint in Kenya.
- Its business plans in Kenya includes construction, agrochemicals, consumer goods distribution, and reinsurance industries through its various subsidiaries and also by forging new partnerships as stated in its latest annual report.
IBL Group, the Mauritian business group with a presence in Africa, Europe, and Asia is growing its footprint in Kenya. Its business plans in Kenya include construction, agrochemicals, consumer goods distribution and reinsurance industries through its various subsidiaries and also by forging new partnerships as stated in its latest annual report.
To understand the market needs of Kenya, and also to identify partners, IBL has already established an office in Nairobi.
The multinational will use its various subsidiaries to enter these sectors. It will use subsidiaries BrandActiv, to enter the local distribution of fast-moving consumer goods, Blychem for agrochemicals, reinsurance through Ellgeo Re, and electrical and construction through CMH.
Last year the company took up a minority stake in the supermarket chain Naivas. According to experts, its shareholding in Naivas the largest retailer in Kenya with 84 stores across the country, could help enhance its presence in the Kenyan local market by way of its distribution network.
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In addition to that, it has been reported that the company is currently in discussions on taking a majority stake in a solar firm and pharmaceutical distributorship.
