
Heirs of Peter Mukuha Kago in fresh feud over Naivas
Heirs of the late Naivas founder, Peter Mukuha Kago, are at odds once again, questioning the fairness of the judiciary in their ongoing dispute over the multi-billion-shilling estate.
Heirs of the late Naivas founder, Peter Mukuha Kago, are at odds once again, questioning the fairness of the judiciary in their ongoing dispute over the multi-billion-shilling estate.
Newton Kagira Mukuha, in his application, argued that certain assets within the estate have not been properly distributed, expressing worries over lack of representation.
Naivas, founded by Peter Mukuha Kago, finds itself entangled in a legal dispute that adds complexity to its narrative amid ambitious expansion plans.
The leading retailer, which is majority-owned by the Kenyan Mukuha family, has also announced plans to add two more units by the end of the year.
Naivas, a retail giant established in 1990 by the late Kenyan tycoon Peter Mukuha Kago, has long held a dominant presence in Kenya.
The KRA’s demand is linked to a 31.5-percent stake sale in Naivas International in 2020 by members of the Mukuha family.
Once the deal is finalized, it will mark the third time the super-rich Mukuha family has divested part of their stake in Naivas.
The leadership of the Mukuha family has played a pivotal role in the company’s growth.
Naivas Supermarket is Kenya’s largest supermarket chain.