Invictus Investment Company PLC announced plans to expand into North and East Africa through acquisitions and joint ventures with leading local entities in the region. Headquartered in the UAE, Invictus is a prominent trader with growing business in the African markets. The planned inorganic expansion will see it significantly increase its presence with focus on various markets, potentially including: Morocco, Algeria, Kenya, Tanzania, and Mozambique among others.

Invictus' decision to expand its operation and presence is not only in line with its overarching strategy to leverage on its core competency in agro-food and grains trading but also to diversify into logistics and food processing. In October 2022, Invictus entered into a strategic partnership with AD Ports Groups' Safeen Feeders to launch an international dry bulk shipping service with an initial investment commitment of approximately USD 126 million by both parties. In 2023, Invictus is focusing 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.