Invictus Investment Company Plc announces plans to expand into North and East Africa through acquisitions and joint ventures with leading local entities in the region
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’ decision to expand its operation and presence is not only in line with its overarching strategy to leverage on its core competency in agro-food and grains trading but also to diversify into logistics and food processing.
This year, the company is focusing on building its presence by investing into the food processing space in Africa to further strengthen its trading business and build access to consumers in the region.
“Our planned partnerships and acquisitions will allow us to expand across the value chain to also include final consumables such as finished products, flour mixes, pasta, noodles, poultry and animal feed, among others. In an increased globalised world, there is an immense need to continue to connect, and deliver food to ensure safety and security of a nation and its people. Central to our ambition is to ensure we diversify across products and markets. 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,” said Amir Daoud Abdellatif, CEO of Invictus Investment Company Plc.
