Exploring MDR Investments’ Africa expansion
MDR Investments, an investment arm of Maser, says it is actively involved in Africa and has been acquiring large-cap ventures that align with its ambitious growth trajectory. Joining CNBC Africa to discuss is Prateek Suri, CEO, MDR Investments.
Fri, 28 Jun 2024 11:47:05 GMT
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AI Generated Summary
- MDR Investments focuses on acquiring large-cap ventures in Africa with untapped potential and abundant resources, targeting sectors like mining, infrastructure projects, and shipping.
- The company's strategic approach involves forming partnerships and leveraging global networks to support acquisitions and bridge gaps in key industries, including mining, infrastructure, and shipping.
- MDR Investments remains optimistic about investing in Africa despite political uncertainties, emphasizing the importance of resilient partnerships that transcend governmental changes and regulatory risks.
MDR Investments, the investment arm of Maser, is making significant strides in Africa by acquiring large-cap ventures that align with its ambitious growth trajectory. The company, based in the UAE, has been actively involved in the continent for over three years, focusing on sectors like mining, infrastructure projects, and logistics. Prateek Suri, the CEO of MDR Investments, shared insights into the company's expansion plans and strategic partnerships, emphasizing the untapped potential and abundant resources in Africa. The key theme of MDR Investments' Africa expansion is the exploration of diverse markets and the pursuit of maximum profits in a region known for its promising investment opportunities. With a strong presence in the eastern and western parts of Africa, the company is now venturing into OAPI regions and southern Africa, particularly targeting mining projects and infrastructure development. By leveraging strategic partnerships and investment networks, MDR Investments aims to facilitate large-scale acquisitions and bridge the gap in sectors like mining, infrastructure, and shipping. The company's diversified portfolio includes divisions for mining, infrastructure projects, and shipping ventures, supported by partnerships with venture capital funds and global finance entities. Suri highlighted the growing appetite for investments in Africa, citing success stories and the increasing funding values in the market. Despite the political uncertainties and policy variations in some African countries, MDR Investments remains focused on establishing resilient partnerships that transcend governmental changes. The company's strategy revolves around providing not just financial support but also strategic connections and global expertise to its partners in Africa. Suri emphasized the importance of maintaining robust connections and networks to ensure business continuity and mitigate regulatory risks. In terms of asset valuations, MDR Investments adopts a strategic approach by identifying undervalued assets with growth potential and offering support to struggling ventures in Africa. Looking ahead, the company has exciting prospects lined up for the year, including collaborations with governments on projects like supplying solar panels to Nigeria through a public-private partnership model. The goal is to deliver impactful solutions that benefit both the government and the public while fostering confidence among investors and stakeholders. MDR Investments' commitment to driving sustainable growth and meaningful collaborations underscores its dedication to unlocking the vast potential of Africa's markets and contributing to the continent's economic development.