Dubai's Maser Group to Invest $1.6B in Nigeria, Ghana, and Kenya for Agriculture and Infrastructure Development

Maser Group, a Dubai-based consumer electronics manufacturer, led by founder and chairman Prateek Suri, has announced a $1.6 billion investment plan in Nigeria, Ghana, and Kenya. The investment is part of a larger strategy to build data centers and agricultural technology infrastructure to tackle Africa's growing food security challenges and enhance digital capabilities.

The company has already spent $300 million on land acquisition for this project. The new investment will be facilitated by Maser's investment arm, MDR Invest LLC, in collaboration with China's Chia Venture Co.

The funds will also support public-private partnerships in several African countries, including Nigeria, Tanzania, Zimbabwe, Zambia, and Rwanda, focusing on sectors like agriculture, mining, and low-cost housing. Maser Group, established in 2014, manufactures and sells consumer electronics and household appliances in multiple African countries.

The company aims to capitalize on Africa's long-term infrastructure and food security needs through this strategic shift.