Emirati Invictus planning to invest heavily in Africa, Morocco on top of list

Emirati Invictus Investment Company has announced plans to invest over $272 million on its expansion into North and East Africa with a focus on Morocco thanks to its political stability, geostrategic position, incentives to investors and competitive economy.

In a press release issued Monday, the Dubai-based company said the expansion will be made through acquisitions and joint ventures with leading local entities in the region.

The goal is to enhance Invictus presence in Morocco, Algeria, Kenya, Tanzania, and Mozambique. The move is part of its strategy of diversifying further its activities in agro-food trading and processing.

Invictus 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.”