Invictus Investment Company has prepared a war chest of AED1 billion ($272.25 million) to support its expansion plans in North and East Africa regions through acquisitions and joint ventures.
In 2023, Invictus plans to focus on building its presence by investing into food processing space in Africa to further strengthen its trading business and build access to consumers in the region.
Invictus expands presence and diversifies
Headquartered in the UAE, and listed on Abu Dhabi Securities Exchange, Invictus is a prominent trader with a growing business in the African markets. The planned inorganic expansion will see it significantly increase its presence with a focus on various markets, including Morocco, Algeria, Kenya, Tanzania, and Mozambique among others.
The company, in a filing with ADX, said it will not only leverage on its core competency in agro-food and grains trading, but also diversify into logistics and food processing.
CEO Amir Daoud Abdellatif said: “Our 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 an increasingly 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.”
In October 2022, Invictus entered 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.
Invictus recently reported completing over one million metric tonnes of agro-commodity exports to Egypt during 2023.
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