Invictus Investment acquires major stake in Angolan fertiliser company Angata

Invictus Investment Company Plc, a prominent agro-food enterprise in the Middle East and Africa, has agreed to acquire a 65% stake in Angata, a leading fertiliser blending company based in Lobito, Angola.

The deal, executed through Mauritius-based Dagro Chemical Limited, awaits regulatory approvals and is the company’s third major acquisition in Africa, following purchases of Merec Industries in Mozambique and a 60% stake in Morocco’s Graderco.

Angata specialises in customised fertiliser blending, tailoring products to Angola’s diverse soil and crop needs, with a production capacity of 100,000 metric tonnes annually and plans to expand by the end of 2025.

Its offerings include urea, phosphates like di-ammonium phosphate (DAP), potassium, trace elements, and boron, alongside imported pesticides and other farming essentials.

Located in the strategic Lobito corridor, Angata benefits from rail connections to the Democratic Republic of Congo’s mineral-rich regions, positioning it to serve farmers in Angola and neighboring markets.

“Our acquisition of Angata marks another major milestone in our continued expansion in Africa following our earlier transactions in Mozambique and Morocco,” said Amir Daoud Abdellatif, CEO of Invictus Investment.

“It also signals a strategic shift – broadening our capabilities beyond trading into the agro-input segment where we can directly support farmers and strengthen the ecosystems that feed regional and global supply chains. Angata’s fertiliser blending expertise addresses a critical gap in farm productivity and gives us a direct connection to farmers. We see it as a strategic base for us to source and process more commodities in Angola and cater to both local consumption and export markets.”

“We are pleased to be working with Invictus Investment and view this partnership as a catalyst for long term growth,” said Christian Louvet, director general, Angata.

“Invictus Investment brings the reach and operational capabilities needed to scale the business and broaden our impact in the region. The focus now is on expanding what we do well, helping farmers grow their productivity and playing a stronger role in Angola’s agricultural economy.”

This acquisition marks Invictus Investment’s entry into Angola’s agro-input sector, a market with significant growth potential. The company aims to continue its expansion across Africa, targeting majority stakes in leading ventures to build a fully integrated agro-food enterprise.