Dubai, UAE – Invictus Investment Company has said it plans to invest more than AED1 billion ($272.25 million) to expand into North and East Africa through acquisitions and joint ventures with leading local entities in the region.
Abu-Dhabi Securities Exchange-listed Invictus is a prominent trader with growing business in the African markets.
The planned inorganic expansion will see it significantly increase its presence with focus on various markets, potentially including Morocco, Algeria, Kenya, Tanzania, and Mozambique among others.
Invictus CEO Amir Daoud Abdellatif said, “The planned partnerships and acquisitions will allow us to expand across the value chain to also include final consumables such as finished products, such as flour mixes, pasta, noodles, poultry and animal feed among others.”
“In each of these markets, we have identified leaders who can help us elevate our offerings while setting us on a growth trajectory. Our investment interests further reiterate our commitment to Africa and the rest of the world,” he said.
Invictus Investment operates a 100 percent owned subsidiary Invictus Trading FZE that was incorporated in 2014, which is headquartered in Dubai, UAE, and presently operates in 70 countries. Invictus recently reported completing over one million metric tons of agro-commodity exports to Egypt during 2023.
The company said that its expansion plans are in line with its strategy to leverage on its competency in agro-food and grains trading but also to diversify into logistics and food processing.
In October 2022, Invictus entered into a strategic partnership with AD Ports Groups’ Safeen Feeders to launch an international dry bulk shipping service with an initial investment commitment of approximately $126 million by both parties.
