ER Group Strengthens East African Presence with Nairobi Office and MUR 1 Billion Regional Fund
ER Group, a prominent Mauritian business entity, has announced the establishment of a regional office in Nairobi, Kenya, alongside the creation of a regional fund in collaboration with equity partners. This initiative aims to bolster investment and partnerships throughout East Africa. Formed in 2025 through the merger of two leading Mauritian firms, ENL and Rogers, ER Group is taking significant steps in its regionalization strategy by enhancing its footprint in one of Africa’s most vibrant economic areas.
Strategic Expansion in East Africa
The establishment of the Nairobi office is a key component of ER Group’s ten-year strategic plan, unveiled earlier this year. This plan emphasizes regional expansion as a fundamental pillar. With operations in 17 territories globally, the Group is intensifying its focus on Africa, particularly in sectors where it has established expertise. The strategy prioritizes growth in industries and countries where the Group is already active, collaborating with trusted partners to ensure sustainable development.
ER Group aims to increase the share of its international activities from approximately 15% of total revenue to 30% over the next decade. East Africa is identified as a priority region, with Kenya, Tanzania, Zanzibar, Rwanda, and Uganda marking the initial phase of this expansion.
Financial Commitment to Growth
To support its ambitious expansion plans, ER Group has launched a regional fund totaling MUR 1 billion. This fund is designed to provide capital for growth, facilitate selective investments, and enhance the Group’s capacity to pursue opportunities in markets and sectors where it has proven expertise.
Rasmus Bentzen has been appointed as the regional representative in Nairobi. With over ten years of experience in private equity and regional investments across East Africa, Bentzen will lead the Group’s expansion efforts by identifying investment opportunities and fostering strategic partnerships.
Leadership Insights
Gilbert Espitalier-Noël, the Group Chief Executive Officer, emphasized the importance of regionalization in ER Group’s long-term strategy. He noted that the focus is on markets where the Group’s businesses already possess operational expertise. The Nairobi office is expected to enhance the Group’s ability to identify opportunities and support the growth of its subsidiaries across East Africa.
Financial Performance and Future Outlook
As ER Group accelerates its regional ambitions, it continues to demonstrate strong financial performance. For the first half of FY26, the Group reported:
- Revenue: MUR 23.2 billion ($492.7 million)
- EBITDA: MUR 6.4 billion ($135.9 million)
- Profit after tax: MUR 2.6 billion ($55.2 million)
- Operating margin: 26%
- Expected EBITDA for FY26: MUR 12 billion ($254.8 million)
This financial strength, combined with a commitment to disciplined investment, positions ER Group well for its expansion across East Africa and the Indian Ocean region.
Established Presence Across Africa
ER Group’s operations span 17 territories worldwide, reflecting a steady expansion beyond Mauritius. Its logistics arm, Velogic, has been active in Kenya since 2016 and recently enhanced its position through the acquisition of Rongai Workshop & Transport Ltd in 2023. Velogic offers cross-border freight forwarding, supply chain management, and transport solutions globally, generating approximately 50% of its profits from international activities.
In the hospitality sector, ER Group’s subsidiary, New Mauritius Hotels, operates Beachcomber Resorts & Hotels, which owns luxury assets in the Seychelles and Morocco. The company is also finalizing the acquisition of a five-star hotel in Zanzibar.
Financial Services and Technological Advancements
Rogers Capital, another subsidiary, plays a crucial role in ER Group’s regional strategy. Based in Mauritius, Seychelles, and South Africa, it provides fiduciary, corporate, and fund administration services to international investors and African businesses. The firm acts as a bridge between Africa and Asia, leveraging Mauritius’s international financial center.
In the technology sector, Rogers Capital Technology offers infrastructure and digital services, including data center solutions and cybersecurity. The company operates in Madagascar and Rwanda and has deployed fiber optic networks in South Africa and Kenya.
Ecoasis, a subsidiary focused on sustainable energy solutions, is expanding its footprint with new projects in Zanzibar and partnerships in Madagascar. This growth is complemented by associates FRCI and Superdist, which enhance the Group’s capabilities in enterprise technology and IT distribution.
ER Group’s strategic initiatives in East Africa mark a significant chapter in its ongoing expansion efforts, reinforcing its commitment to responsible growth and long-term value creation.
Source: www.zawya.com
For more information, please contact:
Céline Guillot-Sestier
Chief Communication Executive | ER Group
E. celine.guillotsestier@ergroup.mu
T. +230 404 9500
About ER Group:
ER Group is a leading Mauritian organization listed on the Official Market of the Stock Exchange of Mauritius. The Group was established following the strategic merger of ENL and Rogers. Today, ER Group employs over 13,000 people and operates across 17 territories worldwide, focusing on seven business segments: Agribusiness, Real Estate, Hospitality & Travel, Logistics, Finance, Commerce & Manufacturing, and Technology & Energy. Guided by its purpose, “Ignite today for a better tomorrow,” ER Group emphasizes responsible growth and long-term value creation.
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Published on 2026-04-03 13:56:00 • By the Editorial Desk
