– Invictus Investment Company, based in Dubai, has agreed to acquire a flour mill in Southern Africa to enhance its presence in key African markets.
– The acquisition supports Invictus Investment’s broader strategy to grow its agro-food business in high-potential African regions, focusing on midstream and downstream segments.
– This marks the company’s second major African acquisition this year, following a 60% stake purchase in Morocco’s Graderco, with further acquisitions and joint ventures planned across Africa.
Dubai-based agro-food firm Invictus Investment Company has signed an agreement to acquire a flour mill in Southern Africa, aiming to strengthen its presence in key African markets.
CEO Amir Daoud Abdellatif said the acquisition, subject to necessary regulatory approvals, contributes to Invictus Investment’s long-term strategy to expand its agro-food business in “high-potential African markets”, and “build on operational capabilities in the midstream and downstream segments.”
While financial terms were not disclosed, this marks Invictus Investment’s second major transaction in Africa this year, following the acquisition of a 60% stake in Morocco’s grains trading firm, Graderco, from Zalar Holding.
The company continues to explore additional acquisition opportunities, pursue new joint ventures, and invest in strategic markets across Africa.
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