MCB finances Invictus expansion in major push for Africa’s agro-food markets

The Mauritius Commercial Bank Limited (MCB) has approved a strategic financing package to support Invictus Investment Company PLC as it scales up its agro-food operations across Africa.

The bank announced on Thursday that the facility is structured as an acquisition finance and revolving credit arrangement. It is expected to strengthen Invictus Investment’s working capital and accelerate its expansion into new markets.

MCB said the deal reinforces its long-standing partnership with Invictus Investment and underscores a shared commitment to boosting food security and improving trade flows into, within, and out of Africa.

According to the bank, the financing will offer Invictus Investment the flexibility it needs to grow its footprint in processing, logistics and distribution.

It will also help the company consolidate a portfolio of value-added and resilient food and fast-moving consumer goods assets that serve local and regional markets across the continent.

Invictus Investment CEO Amir Daoud Abdellatif welcomed the agreement, saying it speaks to the confidence partners have in the company’s financial and operational strength.

“The financing agreement with MCB underscores the confidence our partners have in Invictus Investment’s financial and operational performance and our ability to deliver sustainable growth and value creation,” Abdellatif said.

He added that the package gives the company “greater flexibility to optimise our capital structure and continue expanding across high-growth markets”, while supporting its broader vision of building a fully integrated agro-food enterprise that contributes to food security in the Middle East and Africa.

“We see this as an important step towards creating a broader network of partners at multiple levels that are working together to deliver lasting value for communities and build long-term food resilience across regions,” he said.

MCB CEO Thierry Hebraud said the relationship with Invictus Investment fits well within the bank’s regional ambitions.

“The relationship with Invictus Investment is of strategic value for us, as it aligns well with our willingness to develop long-lasting relationships with multinationals doing business in Africa,” Hebraud said.

He noted that the financing highlights the bank’s commitment to supporting agro-processing players driving food security on the continent, adding that it also demonstrates MCB’s ability to develop sophisticated financial solutions that create value for clients and communities.

“This important financing package which has been extended to Invictus Investment, highlights MCB’s objective to support agro-processing players involved in food security across the continent,” he said.

Invictus Investment, headquartered in Dubai and operating across 65 countries, specialises in agro-food commodities including barley, corn, sesame, sugar and wheat.

MCB, the leading bank in Mauritius with more than 188 years of operations, continues to grow its regional reach through subsidiaries and representative offices across Africa and beyond.