openPR Logo
Press release

BA Investment: prospecting mission to Africa

Taking advantage of positive developments in its main activities, Mauritian company British American Investment Co. (Mtius) Ltd pursues prospecting missions in Africa.
A team comprising senior executives of the group is back to the Indian Ocean island after a visit to Sub-Saharan Africa where they established contacts with potential investors and regulators in South Africa and Botswana.
This initiative comes at a time when British American Investment is also exploring the possibility of investing in food production and renewable energy in Mozambique together with British firm Sun Biofuels.
According Rishi Sookdawoor, President & CEO of the insurance company (BAI), many businessmen said they were keen to create mutually beneficial partnerships with the group’s subsidiaries. "Business opportunities in Africa and their interest to partner with us in the financial services sector are very interesting. We will examine some proposals that seem to offer promising prospects in the very near future, "said Rishi Sookdawoor.
Thus, the group has initiated procedures to appoint a specialized firm to conduct several feasibility studies.
British American Investment Group also plans to use the network and the growth potential of its subsidiary, British American Investment Kenya (BA Kenya), to pursue its expansion strategy in Africa.
Besides being the holding company of the leading life insurance and a fund management company in the country, BA Kenya has just opened a new insurance company in Uganda. In addition, comforted in the dynamism of its African interests, particularly in 'Equity Bank' (A + rating), BA is currently seeking regulatory approval of the country to be listed on Kenya’s Stock Exchange.

British American Investment Co. (Mtius) Ltd is one of the most innovative and dynamic investment holding companies in Mauritius. It offers a wide range of superior products and services based on ethical and socially responsible business practices.
British American Investment currently holds investments in over 50 companies under three divisions - Financial Services, Commerce & Industry and Services. It is a rapidly expanding USD 500 million turnover Group managing USD 1 billion assets with an established presence of 40 years in Mauritius. Ranked the second largest group in Mauritius in 2010, it continues to have robust expansion plans.

Javed Bolah
Media & Communications Manager
British American Investment
25, Pope Hennessy Street, Port Louis
Republic of Mauritius
Tel: + (230) 601-8700; Email: jbolah@bai.intnet.mu

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release BA Investment: prospecting mission to Africa here

News-ID: 179532 • Views: 2748

More Releases from British American Investment

Apollo Bramwell celebrates fourth anniversary
Apollo Bramwell Hospital, a hi-tech tertiary care hospital based in the Indian Ocean island of Mauritius is celebrating its fourth anniversary. The hospital, which opened on August 19, 2009, has since touched the lives of hundreds of thousands of patients and their families, both from Mauritius and abroad. The hospital is now poised for more major developments as it prepares new projects that are set to change the medical landscape of
Mauritius firm, British American INvestment, eyes Africa
Taking advantage of positive developments in its main activities, Mauritian company British American Investment Co. (Mtius) Ltd pursues prospecting missions in Africa. A team comprising senior executives of the group is back to the Indian Ocean island after a visit to Sub-Saharan Africa where they established contacts with potential investors and regulators in South Africa and Botswana. This initiative comes at a time when British American Investment is also exploring the possibility
Mauritius firm to develop land in Mozambique
Mauritius-based, British American Investment Co. (Mtius) Ltd, is contemplating to use several thousand hectares of land in Mozambique for one of the largest food security and renewable energy exercises of its kind undertaken by a local company. With soaring costs and dependency on fossil fuels and looming food security concerns, the business group estimates that large-scale production of food crops and green energy initiatives could result in significant savings every year. This
First Islamic Bank opens in Mauritius
First Islamic Bank opens in Mauritius Century Banking Corporation (CBC), the first Islamic bank in Mauritius, was officially launched last night to translate the Islamic philosophy of promoting social justice Article Century Banking Corporation (CBC), the first Islamic bank in Mauritius, was officially launched this week to translate the Islamic philosophy of promoting social justice. The launch was held at La Batisse building, Caudan, by the Mauritian Vice-Prime Minister, Minister of Finance and

All 5 Releases


More Releases for Africa

Frenchie Africa Introduction
Johannessburg, Gauteng, South Africa, 17 February 2021 – Frenchie Africa has announced the initiation of their website and Social Media channels to the public. Frenchie Africa will follow the journey of two French Bulldogs, Bakari and Jamani as they grow up in Africa. From their homebase, a small but cozy, custom-built log cabin in South Africa, Frenchie Africa will chronicle the lives of Bakari and Jamani and their owners Ross and
Baby Food in South Africa
Summary Although many consumers have been hard pressed over the last two years or so, as levels of consumer debt have mounted, the market for baby food has so far been fairly resilient, as purchases are predominantly still made by the upper income groups, who have suffered less than others from the difficult economic situation. Research published by Analytics Business Intelligence indicates that in 2011 some 41% of users of baby
14th Africa Independents Forum
The 14th Africa Independents Forum 2016, 25-26th May, gathers together leading independents and corporate players worldwide and from across Africa, both listed and unlisted, large and small, established and new entrants, and provides enhanced exposure to the wider Africa-wide upstream industry in oil, and gas, exploration and development, including issues in crude oil and financial markets, engaging equity financiers, banks, private equity and investors found on the AIM and LSE,
Vizocom Selects iSAT Africa as Its Africa C-band Partner
Vizocom, a leading global provider of satellite services, announced today that it has signed a partnership agreement with iSAT Africa to cooperate in providing satellite services and solutions. Sharjah, UAE, March 02, 2016 -- Vizocom, a leading global provider of satellite services, announced today that it has signed a partnership agreement with iSAT Africa to cooperate in providing satellite services and solutions such as data solutions including C-band VSAT services and
23rd Africa Oil Week
While the African Continent continues to attract a steady stream of oil and gas commitments in its fast-growing oil, gas-LNG and energy industry, our landmark Africa Oil Week 2016 event will again showcase Africa’s Governments, National Oil Companies, Licensing Agencies and corporate players shaping the continent’s future – in exploration and production/development, across new frontiers and established basins; onshore in the Rifts and offshore in the shelf and deep-water, providing
Vizocom Selects iSAT Africa as its Africa C-band Partner
Vizocom, a leading global provider of satellite services, announced today that it has signed a partnership agreement with iSAT Africa to cooperate in providing satellite services and solutions. Sharjah, UAE, February 29, 2016 -- Vizocom, a leading global provider of satellite services, announced today that it has signed a partnership agreement with iSAT Africa to cooperate in providing satellite services and solutions such as data solutions including C-band VSAT services and