Invictus Investment Acquires 65% Stake in Angata

Invictus Investment Company Plc, a leading agro-food enterprise in the Middle East and Africa, has announced its acquisition of a 65% stake in Angata, a fertiliser blending company based in Lobito, Angola. This transaction, facilitated through Mauritius-based Dagro Chemical Limited, awaits regulatory approvals and signifies Invictus' third substantial acquisition in the African market, following its previous purchases of Mozambique's Merec Industries and a 60% stake in Morocco's Graderco. With this strategic move, Invictus diversifies its portfolio, entering the agricultural and agro-input sector of Angola, a market recognized for its significant growth potential. Angata specializes in customizing fertiliser blends tailored to local soil conditions, with a production capacity of 100,000 MT annually, and plans to augment this by 2025. The acquisition aims to bolster Invictus' capabilities beyond trading to directly support and enhance agricultural productivity across the region. Positioned in the Lobito corridor, Angata is strategically situated to access both the Atlantic coast and the mineral-rich areas of the Democratic Republic of Congo, reinforcing its role as a key hub in agricultural supply chains. Invictus's CEO, Amir Daoud Abdellatif, emphasized the acquisition as a milestone for the company's African expansion strategy, aiming toward a fully integrated agro-food enterprise. The deal not only strengthens Invictus’s regional operations but also opens avenues for sourcing and processing commodities for local and export markets.