Naivas Limited reported KES 113.5B in revenue for the year ending June 2025, up from KES 93.3B in 2024. Expenses rose to KES 111.2B, resulting in a profit of KES 2.43B, compared to KES 1.69B the previous year. Profit attributable to owners of the company was KES 1.37B, while profit attributable to non-controlling interests was KES 1.06B.
On the balance sheet, Naivas held current assets of KES 15.1B and non-current assets of KES 44.4B, financed by current liabilities of KES 17.1B and non-current liabilities of KES 8.9B. Equity attributable to owners stood at KES 30.5B, with non-controlling interests at KES 3.0B. The company generated KES 3.87B from operating activities, with net cash inflows after investing and financing activities totaling KES 488M.
In terms of ownership, IBL Group, through its subsidiary Mambo Retail Ltd, initially acquired 40% of Naivas on 10 August 2023, and later increased its stake by 11% on 5 July 2024, obtaining majority control. By June 2025, Naivas had expanded its operations to 108 outlets across Kenya.
Liquid Telecom Kenya Ordered to Pay KES 700,000 for Unlawful Data Processing
The Office of the Data Protection Commissioner (ODPC) has found Liquid Telecom Kenya liable for unlawfully processing the personal data of former employee Andrew Alston. The dispute arose from a virtual HR consultation call, during which Alston explicitly refused consent for the call to be recorded. He was assured that the recording would be deleted immediately after the call, but Liquid Kenya retained it and later shared it across its wider corporate group. The recording had no relevance to an arbitration case between Alston and Liquid Mauritius, contrary to the company’s claim that retention was for evidentiary purposes.
The ODPC determined that this conduct violated the Data Protection Act, 2019, particularly Alston’s right to be informed about the use of his personal data and his right to request erasure. By retaining and processing the recording without consent, Liquid Kenya breached the principles of lawful processing and purpose limitation, exposing itself to legal liability. The Commissioner also noted that the retention led Alston to incur substantial legal costs while challenging the recording in arbitration proceedings.
As a result, the ODPC ordered Liquid Telecom Kenya to compensate Alston KES 700,000 and issued an Enforcement Notice against the company.