Invictus Investment acquires majority stake in Angolan fertiliser blender Angata
Angata specialises in tailored fertiliser blending and customises products based on local soil requirements
Transaction marks Invictus Investment's third major acquisition in Africa, following the purchase of Mozambique's largest flour miller Merec Industries and a 60% stake in Moroccan agro-trading leader Graderco
Dubai, United Arab Emirates: Invictus Investment Company Plc (ADX: INVICTUS), a leading agro-food enterprise in the Middle East and Africa, today announced it has signed an agreement to acquire a 65% stake in Angata, a leading fertiliser blending company based in Lobito, Angola. The acquisition, being made through Mauritius-based Dagro Chemical Limited, is subject to regulatory approvals and transaction closing mechanisms. The deal marks Invictus Investment's third major acquisition in Africa, following the purchase of Merec Industries – Mozambique's largest flour milling company – and a 60% stake in Moroccan agro-trading leader Graderco.
While representing a new business area for Invictus Investment, this transaction marks a strategic entry point into the agricultural and agro-input industry in Angola – a key market in Africa with significant growth potential. Angata specialises in customised fertiliser blending and tailors its products to the specific soil and crop requirements of farmers across different regions of the country. The company has a production capacity of 100,000 MT per annum with plans to increase capacity by the end of 2025.
Its product range addresses critical crop nutrition needs, including urea, phosphates like di-ammonium phosphate (DAP), potassium, trace elements and boron. In addition to its core fertiliser business, Angata also imports and resells pesticides and other essential products for productive farming operations.
From a location perspective, the company presents an attractive opportunity with its base in the strategic Lobito corridor that links Angola to the Atlantic coast. Lobito also has rail connections extending into the mineral rich regions of the Democratic Republic of Congo. This positions Angata as a strategic hub to serve farmers in surrounding markets.
Commenting on the announcement, Amir Daoud Abdellatif, CEO of Invictus Investment, said: 'Our acquisition of Angata marks another major milestone in our continued expansion in Africa following our earlier transactions in Mozambique and Morocco. It also signals a strategic shift – broadening our capabilities beyond trading into the agro-input segment where we can directly support farmers and strengthen the ecosystems that feed regional and global supply chains. Angata's fertiliser blending expertise addresses a critical gap in farm productivity and gives us a direct connection to farmers. We see it as a strategic base for us to source and process more commodities in Angola and cater to both local consumption and export markets.'
Christian Louvet, Director General, Angata, said: 'We are pleased to be working with Invictus Investment and view this partnership as a catalyst for long term growth. Invictus Investment brings the reach and operational capabilities needed to scale the business and broaden our impact in the region. The focus now is on expanding what we do well, helping farmers grow their productivity and playing a stronger role in Angola's agricultural economy.'
Looking ahead, Invictus Investment remains focused on furthering its long-term growth strategy through strategic investments in key African markets, targeting the acquisition of majority stakes in leading ventures as it works towards its goal of becoming a fully integrated agro-food enterprise.
*Please refer to https://invictusinvestment.ae/investor-relations/ for more information.
About Invictus Investment
Invictus Investment Company PLC, established in March 2022 and headquartered in Dubai, is a leading holding entity primarily focusing on agro-food commodities through its main subsidiary, Invictus Trading FZE, founded in February 2014. Initially offering procurement services that supplied raw materials and finished goods such as wheat in the MENA region, the company has since expanded its commodity portfolio to include a diverse range of products such as barley, corn, cotton, Distiller's Dried Grains with Solubles (DDGS), fertilisers, groundnuts, meat, sesame, soya bean, soya bean hulls, soya bean meal, sugar, vegetable oil and wheat flour. Today, Invictus Investment operates across 54 countries with a broad sourcing network and a focus on midstream and downstream acquisitions in the value chain, with the aim of becoming a fully integrated agro-food enterprise in the commodity trading sector across the Middle East and Africa.
For media inquiries, please contact:
Raneem Abudaqqa
Senior Consultant | Tales & Heads
E: Raneem.Abudaqqa@talesandheads.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Business
4 hours ago
- Gulf Business
From dishwasher to dealmaker: Haitham Mattar's bold IHG expansion plan
Haitham Mattar is the MD for IHG Hotels & Resorts Middle East, Africa and Southwest Asia. (Supplied) Haitham Mattar has seen the hospitality industry from every angle. He started as a dishwasher in Atlanta, rose through the ranks of global hotel giants, and today leads IHG Hotels & Resorts across the Middle East, Africa and Southwest Asia as its managing director. But beyond the impressive career journey, Mattar is on a mission to reshape regional tourism and inspire the next generation. 'I've been in hospitality for over 30 years,' he tells Gulf Business. 'I actually stepped away for a while to head up tourism for Ras Al Khaimah, then advised Saudi Arabia, before coming back to IHG. I started right at the bottom, in the kitchen, scrubbing pots and pans, and I learned very quickly that no job is too small in hospitality. That's why I wrote my book Pots and Pans and Five-Year Plans: it's intended to inspire the younger generation to dream big.' The book, published earlier this year, dives into resilience, navigating adversity, and building a fulfilling career, whether in hospitality or another industry. It charts Mattar's story from his childhood in Lebanon during the civil war, to immigrating to the US at age five, and launching his career at the Courtyard by Marriott in Georgia. 'I started as a dishwasher,' he recalls. 'I was 17 and just wanted a weekend job like my friends. I didn't want to rely on my family for pocket money, so I took what I could get. But I was curious — how did the chef make breakfast? How could I master whatever role I had? That mindset stayed with me.' From Marriott, Mattar eventually joined IHG, beginning with a role at the InterContinental Dubai on the Creek. 'I started in rooms division, then became Director of Sales and Marketing. I stayed about five years before moving into a regional role covering East Africa. I left in 2011 to join Hilton, spent five years in Ras Al Khaimah, two years in Saudi, and now I'm back. This is my fifth year again with IHG,' he says. 'Seems like I run on five-year cycles.' Doubling down on Saudi Today, Mattar oversees a vast region spanning the Middle East, Africa, and South Asia. IHG currently operates 220 hotels in this footprint, with 180 more in the pipeline. The group is positioned to nearly double its regional presence in the next five years. Saudi Arabia is the biggest growth driver. 'We have 45 operating hotels in the Kingdom and another 49 in the pipeline. That's over 100 per cent growth,' he says. 'It's also our 50th year in Saudi. We've had a presence there since 1975, and we continue to see momentum.' In the UAE, IHG has 34 operational properties and 12 in development, representing 50 per cent growth. 'Dubai remains attractive, particularly with ownership changes. New buyers often look to rebrand, and that gives us opportunities to bid,' says Mattar. 'We've also signed Greenfield projects, including the world's tallest hotel tower under our Vignette Collection brand.' Despite a high volume of new supply, Dubai's hotel occupancy rarely dips. 'The city's average occupancy has never dropped below 75 per cent. That's a testament to the leadership's strategy of aligning supply with demand,' he says. Regional gaps and opportunities Beyond the UAE and Saudi Arabia, Mattar sees mixed readiness across the rest of the GCC. 'Oman has huge potential — rich culture, great food, incredible nature. But they haven't fully bounced back from COVID. Key markets like Germany and the UK haven't returned in the same numbers,' he says. 'There's a new tourism minister and a solid strategy in place, so I'm optimistic.' Kuwait, however, has not prioritised tourism yet. 'There's limited hotel development. We're opening a new InterContinental soon and recently launched a Vignette Collection hotel on the beach, but it's still mainly business travel.' Bahrain sees modest volumes, primarily from weekend travellers coming from Saudi's Eastern Province. As for Qatar, the post-World Cup environment has created new challenges. 'There's a lot of supply in the market, but not yet a consistent 12-month events calendar to drive sustained demand,' Mattar explains. 'Events tend to be last-minute, which causes spikes and dips in occupancy. We'd like to see more engagement between the tourism board and the private sector. There's an opportunity for Qatar and the UAE to collaborate more on tourism. It's just a short hop between the two.' He also supports the upcoming unified GCC tourism visa. 'It would be a game changer. Like the Schengen visa in Europe, a regional visa would allow travellers to explore multiple countries in one trip. Fly into Dubai, visit Doha, drive to Muscat — it's all possible.' The conscious traveller Across all markets, Mattar is seeing a growing demand for sustainable travel. 'Today's traveller wants to stay in hotels that practise what they preach on sustainability. They want to be part of the journey,' he says. IHG's Journey to Tomorrow is a 10-year global sustainability plan, and the group has embraced it across the region. 'Over 85 per cent of our hotels in this region have adopted practices like water conservation, LED lighting, and energy-efficient room management systems,' says Mattar. One example is in-house water bottling to eliminate plastic waste. Another is IHG's Green Engage programme, which provides hotel managers with more than 200 actions to reduce carbon footprint and energy usage. 'Many of our properties now have intelligent in-room systems that regulate air conditioning, lighting, and energy consumption based on guest behaviour,' he explains. 'Guests notice the details. They ask questions. They expect no single-use plastics. They want towels reused, not washed daily. Sustainability is now part of the decision-making process.' One of IHG's latest developments is the debut of its first Kimpton in the UAE with a new signing in Dubai's Business Bay. Market insights When it comes to the UAE's top source markets, India leads year-round, followed by the UK, Germany, Russia, Ukraine, and the US. 'The US is especially strong for conferences,' Mattar says. In Saudi Arabia, the guest mix is highly diverse. 'The holy cities attract Muslims from all over the world — China, the US, the UK. But we're also seeing more interest from American and European travellers who are curious about Saudi's transformation.' India continues to be a key market for Saudi Arabia as well. 'We're seeing more visiting friends and relatives traffic. That helps the wider ecosystem because people spend on malls, restaurants, and entertainment — not just hotel rooms.' Looking ahead With rising tourism targets in both Saudi Arabia and the UAE, Mattar believes collaboration is essential. 'Whether it's sustainable travel, regional integration, or just offering great experiences, we all have a role to play,' he says. 'Our job is to help people dream big — whether they're checking in as a guest or starting out in their career like I did.' Haitham Mattar (left), managing director for IHG Hotels & Resorts in India, Middle East & Africa, and Issam Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing, following the signing of an MoU in December 2024 to strengthen collaboration between Dubai Economy and Tourism and IHG.
Zawya
15 hours ago
- Zawya
Former Namibian Mines and Energy Minister Tom Alweendo to Speak at African Energy Week (AEW) 2025 as Country's Offshore Oil Boom Accelerates
Tom Alweendo, Former Minister of Mines and Energy, Namibia will participate as a speaker at this year's African Energy Week (AEW): Invest in African Energies 2025, taking place in Cape Town from September 29 to October 3. Alweendo – who led Namibia's Ministry of Mines and Energy from 2018 until March 2025 – recently launched Alvenco Advisory, a strategic consultancy aimed at assisting investors in navigating Namibia's political, fiscal, legal and environmental regimes. The firm offers tailored advisory services covering policy and regulatory compliance, alignment with national development priorities, and stakeholder engagement at both community and government levels. By leveraging Alweendo's extensive ministerial experience and network, Alvenco Advisory aims to facilitate responsible investment that unlocks value, drive industrial participation and supports Namibia's long-term socioeconomic objectives. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Namibia's offshore oil and gas sector is experiencing unprecedented growth, marked by a series of world-class discoveries and heightened exploration activity. The most recent milestone came in April this year, when the Capricornus 1-X exploration well in offshore Block 2914A delivered a successful light oil discovery. Operated by Rhino Resources alongside partners Azule Energy, Namcor and Korres Investments, the well encountered 38m of high-quality net pay, flowed over 11,000 barrels of oil per day (bpd) during testing and confirmed the presence of a commercially viable light oil system. Capricornus 1-X mirrors the characteristics of the nearby Venus and Graff discoveries, reinforcing the Orange Basin's position as a globally significant petroleum province. The African Energy Chamber (AEC) – as the voice of the African energy sector – recently commended the PEL85 joint venture partners for delivering one of Namibia's most significant oil discoveries to date, noting its potential to catalyze further investment, fast-track appraisal drilling and accelerate development initiatives. Drilling momentum is set to remain strong throughout 2025, with seven wells planned this year alone. These include Marula-1X by TotalEnergies and a second PEL85 well planned by Rhino Resources, as well as the Kharas prospect within BW Energy's Kudu license. Additional prospects at Olympe and Saturn have also been identified, signaling continued confidence from major international operators. Namibia's Ministry of Mines and Energy has confirmed new licensing opportunities in 2025 under an open licensing regime, spanning deepwater, ultra-deepwater and shallow-water environments. The country's Petroleum Commission has emphasized the government's commitment to attracting fresh investment while ensuring discoveries are fast-tracked to first oil and deliver tangible benefits to the national economy. Beyond exploration, development planning is advancing on two of Namibia's largest finds. TotalEnergies' Venus project in Block 2913B is targeting a 2026 final investment decision and ap planned 150,000-bpd FPSO facility. Galp is progressing appraisal of its Mopane discovery, supported by 3,500km 2 of newly acquired high-density seismic data. 'Tom Alweendo's leadership and deep understanding of Namibia's energy landscape come at a pivotal moment for the country's resource development. His insights will be invaluable in guiding discussions on how to translate world-class discoveries into sustainable economic growth and long-term benefits for all Namibians,' states NJ Ayuk, Executive Chairman, African Energy Chamber. Namibia's emergence as one of the world's most promising oil frontiers – underpinned by a stable regulatory environment, competitive licensing terms and a strong governance framework – positions the country as a leading destination for global upstream investment. Distributed by APO Group on behalf of African Energy Chamber.
The National
15 hours ago
- The National
Quiz of the week: August 15, 2025
Vanuatu: $130,000 Why on earth pick Vanuatu? Easy. The South Pacific country has no income tax, wealth tax, capital gains or inheritance tax. And in 2015, when it was hit by Cyclone Pam, it signed an agreement with the EU that gave it some serious passport power. Cost: A minimum investment of $130,000 for a family of up to four, plus $25,000 in fees. Criteria: Applicants must have a minimum net worth of $250,000. The process take six to eight weeks, after which the investor must travel to Vanuatu or Hong Kong to take the oath of allegiance. Citizenship and passport are normally provided on the same day. Benefits: No tax, no restrictions on dual citizenship, no requirement to visit or reside to retain a passport. Visa-free access to 129 countries.
