Mauritian business conglomerate ER Group has established a regional office in Nairobi, Kenya, as part of its strategy to increase investment and partnerships across East Africa. The move follows the creation of a regional fund with equity partners to support expansion in the region.
Source: ER Group
The group, formed in 2025 through the merger of Mauritian companies ENL and Rogers, said the Nairobi office marks a new phase in its regionalisation plan, with a focus on sustainable growth in industries and markets where it already has operational expertise. East Africa, including Kenya, Tanzania, Zanzibar, Rwanda, and Uganda, is the first priority area under this strategy.
To support this effort, ER Group and its partners have created a regional fund of MUR 1 billion (approximately $21.2 million) to provide capital for subsidiary growth and selective investments across the region.
Rasmus Bentzen has been appointed as regional representative in Nairobi. With over a decade of experience in private equity and regional investment in East Africa, Bentzen will be responsible for identifying opportunities, developing partnerships, and supporting the growth of ER Group subsidiaries.
Gilbert Espitalier-Noël, Group Chief Executive Officer of ER Group, said:
“Regionalisation 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 across East Africa.”
ER Group operates across seven sectors, including agribusiness, real estate, hospitality and travel, logistics, finance, commerce and manufacturing, and technology and energy. Its subsidiaries already have a presence in multiple African markets.
In logistics, Velogic, ER Group’s transport and freight arm, has operated in Kenya since 2016 and expanded through the acquisition of Rongai Workshop & Transport Ltd in 2023. In hospitality, the group’s subsidiary New Mauritius Hotels manages luxury resorts in Seychelles and Morocco and is finalizing a hotel acquisition in Zanzibar.
In finance, Rogers Capital provides corporate and fund administration services across Mauritius, Seychelles, and South Africa, supporting cross-border investment and international partnerships. Its technology and energy subsidiaries deliver digital infrastructure, cybersecurity solutions, and sustainable energy systems in several African countries, including Madagascar, Rwanda, Kenya, and South Africa.
ER Group reported revenue of MUR 23.2 billion ($492.7 million) and EBITDA of MUR 6.4 billion ($135.9 million) in the first half of FY26, with profit after tax of MUR 2.6 billion ($55.2 million) and an operating margin of 26%. Full-year EBITDA is expected to reach MUR 12 billion ($254.8 million).
The Nairobi office and regional fund signal ER Group’s move toward a more active expansion phase in East Africa, leveraging its financial capacity and sector experience to strengthen partnerships and pursue growth opportunities.
