Maser Group CEO upbeat of growth despite recession jitters

In the midst of global economic projections predicting a contraction due to uncertainties surrounding trade tariffs and geopolitical tensions, there are glimpses of growth on the horizon. CNBC Africa's Aby Agina sat down with Prateek Suri, the CEO of Maser Group, to delve into his insights on the market dynamics and investment landscape. Suri's optimistic outlook shines through as he navigates the discussion on potential recessions, foreign direct investment opportunities in Africa, and strategic investment advice for uncertain times. Amidst the turmoil, Suri exudes confidence in the resilience of businesses and the appeal of the African market for savvy investors looking for promising ventures. The current economic climate has raised concerns among CEOs, with many anticipating a recession looming in the near future. When questioned about the potential impacts on businesses and foreign investment attraction, Prateek Suri reflects on his experience in weathering economic storms. He emphasizes that businesses can thrive in both recessionary and booming markets, highlighting the importance of adaptability and seizing opportunities in any scenario. Suri stresses Africa's untapped potential in providing natural resources and lucrative investment avenues, making it an attractive destination for foreign direct investment. With the continent's rapid technological advancements and youthful population, he foresees a robust future for those willing to explore innovative sectors and tap into the burgeoning tech-savvy workforce. Addressing the investor community during these uncertain times, Suri offers strategic advice on navigating volatile markets and identifying stable investment opportunities. He urges investors to consider politically aligned and stable companies with promising futures, particularly in countries experiencing market downturns. Suri's confidence in the resilience of certain stocks, coupled with governmental support, underscores his belief in long-term returns on strategic investments. Beyond traditional stock markets, Suri advocates for exploring the vast opportunities in Africa's growing market, emphasizing the potential for substantial returns outside conventional investment avenues. The conversation takes a turn towards Maser Group's ambitious foray into the luxury yacht market, showcasing Suri's visionary approach to business expansion. With a focus on creating a global masterpiece for elite clientele, Suri highlights the synergy between Africa's strengths and European design expertise in shaping the luxury yacht industry. Beyond mere yacht sales, Maser Group's venture encompasses a comprehensive portfolio, including luxury yacht trading, financing, insurance, and refinancing services for corporate and individual clients. This strategic diversification underscores Suri's commitment to offering a holistic approach to luxury yacht business, transcending mere sales transactions to encompass a full suite of services tailored to meet diverse client needs. Prateek Suri's steadfast confidence in the face of looming economic uncertainties and his strategic vision for Maser Group's expansion into the luxury yacht market exemplify a leader poised to capitalize on emerging opportunities. As the global economy braces for potential contractions, Suri's unwavering optimism serves as a beacon of hope for investors seeking stable returns and innovative ventures in an ever-evolving market landscape.