Agro-food specialist investment holding group Invictus Investment has reported that it entered eight new African markets last year. The group, based in Dubai in the United Arab Emirates (UAE), had originally been focused on the Middle East and North Africa (MENA) region. This further expansion into Africa means that it is now active in 65 countries around the world.

The eight African countries are Cameroon, Ghana, Liberia, Madagascar, Mauritania, Nigeria, South Africa and Zimbabwe. Major investments made across the continent last year included taking a 62.25% share in Angolan fertiliser blending company Angata Limitada (the transaction was completed last month) and the acquisition of Mozambique’s biggest flour milling business, Merec Industries. Further, Morocco’s leading agro-trader, Graderco, which was 60%-held by Invictus, was operationally consolidated. And the holding group’s board approved a binding offer for the acquisition of a North Africa-focused agro-food manufacturer.

To fund further growth across Africa, where demand for staple agro-food commodities remains strong, the group recently secured a financing package from the Mauritius Commercial Bank. This is structured as an acquisition finance and revolving credit facility.

Invictus started out with a focus on the supply of raw materials and finished goods across the MENA region. It subsequently widened its focus to embrace grain trading and commodity exports. Its portfolio now covers more than 30 categories of product, including wheat, barley, corn, soya bean, sesame and sugar. The total volume of its commodity transactions hit a record 14.2-million tons last year, a 73% increase, year-on-year.

The group’s audited financial results for the year ending December 31, 2025, include record revenues of Dh13.3-billion, or about $3.62-billion. A net profit of Dh227.6-million ($61.97-million) was achieved, a year-on-year increase of 37%. Earnings before interest, taxes, depreciation and amortisation came to Dh458.5-million ($124.85-million), a 184% jump, year-on-year.

“2025 was a defining year for Invictus Investment as we delivered significant growth across our key metrics while making strategic acquisitions that have fundamentally strengthened our business,” highlighted Invictus CEO Amir Daoud Abdellatif. “Our priorities are clear, and we have a strong pipeline of investment opportunities in midstream and downstream assets across our core markets. All of this places us in a strong position to continue expanding the business and delivering added value for our shareholders as we work towards our goal of becoming a fully integrated agro-food enterprise and reaching Dh25-billion in revenue by 2028.”