Mauritius listed business group ER Group (https://ERGroup.mu) has established a regional office in Nairobi, Kenya, and created a regional fund with equity partners to expand investments and partnerships in East Africa. The group, formed in 2025 through the merger of Mauritian business flagships ENL and Rogers, This is a new step in its regionalization strategy by strengthening its presence in one of Africa's most dynamic economic regions.
Regional expansion is one of the pillars of ER Group's ten-year strategy, set earlier this year. In line with this roadmap, the Group, which is present in 17 territories around the world, is accelerating its expansion in Africa through a measured approach focused on the areas it knows well. The priority is to grow in the industries and countries where the Group already operates, and to work with trusted partners for continued expansion.
Through this approach, ER Group aims to increase the contribution of international activities from approximately 15% of revenues to 30% in the coming decade. East Africa has been identified as a priority region under this strategy, with Kenya, Tanzania, Zanzibar, Rwanda and Uganda forming the first phase of expansion.
To deliver on this ambition, ER Group, together with equity partners, has created a regional fund of MUR 1 billion to support the expansion of its subsidiaries across Africa. The fund is designated to provide capital for growth, support select investments and provide additional capacity to pursue opportunities in markets and sectors where the Group has established expertise.
On the ground, ER Group has appointed Rasmus Bentzen as its regional representative in Nairobi. Bringing over a decade of experience in private equity and regional investments across East Africa, he will drive the Group's regional expansion agenda by identifying investment opportunities, developing strategic partnerships and supporting the growth of its subsidiaries in Africa.
Gilbert Espitalier-Noël, Group Chief Executive Officer of ER Group, said: “Regionalization is a central part of our long-term strategy. We focus on markets where our businesses already have operational expertise and where partnerships can support sustainable growth. Establishing a regional office in Nairobi strengthens our ability to identify opportunities and support the expansion of our subsidiaries in East Africa.“
As it accelerates its regional ambitions, ER Group, one of Mauritius's most profitable and diverse business groups, continues to combine strong financial performance with dedicated investment, giving it the ability to support its expansion with discipline and a long-term perspective. For the first half of FY26, the group, which is listed on the Stock Exchange of Mauritius and included in its Sustainability Index (SEMSI), reported:
- Revenue of MUR 23.2 billion ($492.7 million)
- EBITDA of MUR 6.4 billion ($135.9 million)
- Profit after tax of MUR 2.6 billion ($55.2 million)
- Operating margin of 26%
- Expected EBITDA FY26: MUR 12 billion ($254.8 million)
The Nairobi presence, along with the creation of dedicated regional investment capacity, marks the beginning of a more active phase of expansion for ER Group, building on its existing footprint and financial capacity to deepen partnerships and pursue opportunities in East Africa and the Indian Ocean region.
Distributed by APO Group on behalf of ER Group.
For more information contact:
Celine Guillot-Sestier
Chief Communications Executive ER Group
E. celine.guillatsestier@ergroup.mu
T. +230 404 9500
About ER Group:
ER Group is a leading Mauritian organization listed on the official market of the Mauritius Stock Exchange. The group was formed following the strategic merger of ENL and Rogers.
Today, ER Group employs more than 13,000 people and operates in 17 regions around the world. The group operates in seven business sectors: Agribusiness, Real Estate, Hospitality & Travel, Logistics, Finance, Commerce & Manufacturing and Technology & Energy.
Driven by its purpose to “Ignite today for a better tomorrow”, ER Group focuses on responsible growth and long-term value creation in the markets in which it operates.
An established operational presence across Africa
With operations in 17 territories worldwide, ER Group has an established presence in African markets, reflecting the continued expansion of its business areas beyond Mauritius.
logistics
velogicThe logistics arm of ER Group, active in Kenya since 2016 and has strengthened its position through acquisitions Rongai Workshop and Transport Limited In 2023. Wellogik provides cross-border freight forwarding, supply chain management, warehousing and transportation solutions worldwide. The company also operates in Tanzania, Madagascar, India, Mauritius and Reunion Island and generates approximately 50% of its profits from overseas activities.
hospitality and travel
ER Aviation Aviation supports airline operations across Africa through a range of services. These include airline representation, ground handling coordination, aircraft support services and distribution of travel products.
It operates in Mauritius, Reunion Island, Mozambique, South-Africa, Comoros, Mayotte, Namibia and Madagascar, working with international airlines and aviation partners such as Air France, Air Seychelles, Kenya Airways, South African Airways, Air Australia, LATAM Airlines, Air Mauritius Cargo and TAAG Angolan Airlines to support regional air connectivity.
New Mauritius Hotels operates a subsidiary in the hospitality sector. Beachcomber Resorts & HotelsOwns luxury hospitality properties in Seychelles and Morocco and is currently finalizing the acquisition of a five-star hotel in Zanzibar.
finance
rogers capitalER also plays a strategic role in the regional expansion of the Group. Based in Mauritius, Seychelles and South-Africa, through its fiduciary, corporate and fund administration services, it supports international investors and African businesses in structuring cross-border investments. The company serves as a trusted service provider to clients investing in and across Africa and acts as a bridge between Africa and Asia through the international financial center of Mauritius.
Rogers Capital is also a founding member of the Tax Africa Network, which brings together specialist firms across the continent to provide coordinated tax and advisory solutions.
technology and energy
Rogers Capital Technology Provides technology infrastructure and digital services across the region, including data center infrastructure, connectivity services, cybersecurity solutions and enterprise digital platforms. The business operates in Madagascar and Rwanda and has also deployed fiber optic networks with presence points in South Africa and Kenya.
In the energy sector, Ecosys provides sustainable energy solutions through customized system design, installation and maintenance, supporting one of the largest photovoltaic footprints in Mauritius. It is also expanding with the recent launch of Ecosys Zanzibar and a commercial partnership with Axion Group to serve Madagascar's industrial energy market. EcoAsis is also expanding its presence in Seychelles to serve the local hospitality and real estate markets.
This footprint is strengthened by associates FRCI and SuperDist. FRCI, in which ER Group holds a 47% stake, adds enterprise technology and digital capabilities and is building export activity, while Superdist, owned 45%, strengthens the segment's position in IT delivery and services. Together, these partners expand the segment's presence in Mauritius and Madagascar.