Invictus Investment Company Plc, a leading agro-food enterprise in the Middle East and Africa, has signed an agreement to acquire a 65 percent stake in Angolan fertilizer blending company Angata.
This acquisition marks Invictus Investment’s third major deal in Africa, following the purchase of Merec Industries, Mozambique’s largest flour milling company and the acquisition of 60 percent stake in Moroccan agro-trading leader Graderco.
Carried through Mauritius-based Dagro Chemical Limited, the acquisition is subject to regulatory approvals and transaction closing mechanisms.
This transaction, while representing a new business area for Invictus Investment, marks a strategic entry into the agricultural and agro-input sector in Angola, a high-potential market in Africa.
As a leading fertilizer blending company, Angata tailors its products to the specific soil and crop requirements of farmers across different regions of the country. With an annual production capacity of 100,000 MT, the company aims to further 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, Angata imports and resells pesticides and other essential products for productive farming operations.
Furthermore, 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, positioning Angata as a strategic hub to serve farmers in surrounding markets.
Amir Daoud Abdellatif CEO – Invictus Investment
“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 fertilizer 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, commented that, “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.”
Invictus Investment remains committed to enhancing 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 emerging as a fully integrated agro-food enterprise.
