Ireland Blyth Ltd (IBL) is recruiting a local business development executive as it mulls expansion into Kenya, although it is yet to name the sectors of interest.
IBL has interests in four broad sectors including financial services, logistics, engineering and commerce, retail, as well as seafood and marine.
Mauritian firms have adopted an aggressive expansionist stance in the local financial sector in the last few years signalling the Indian Ocean island nation’s desire to firm its grip on Kenya’s financial sector-- and the economy at large.
Mauritius’s largest conglomerate Ireland Blyth Ltd (IBL) is set to open a regional office in Kenya, eyeing a base for deals for the East Africa region.
The firm, with an annual turnover of $467 million (about Sh48 billion as of 2015) said Friday it is recruiting a local business development executive as it mulls expansion into Kenya, although it is yet to name the sectors of interest.
“IBL…is seeking to recruit in view of expansion, an experienced and high caliber professional for the position of regional business development executive,” said the firm in a notice posted on local dailies on Friday.
“The main objective for IBL is to create this position based in the future regional office of the group in Nairobi, Kenya is to develop and execute the strategy of the group in East Africa.”
IBL has interests in four broad sectors including financial services, logistics, engineering and commerce, retail, as well as seafood and marine.
The Mauritius Stock Exchange listed IBL is engaged in fish storage and its processing, mechanical and electrical engineering, aviation, shipping operations and the distribution of consumer goods and durables, among others.
Five years ago IBL entered the East African processed meat products market through a partnership with Kampala-based Fresh Cuts Ltd, raising the stakes in a sector dominated by imported meat products.
The company’s operations are located in Mauritius, Madagascar, Seychelles and Comoros. Mauritian firms have adopted an aggressive expansionist stance in the local financial sector in the last few years signalling the Indian Ocean island nation’s desire to firm its grip on Kenya’s financial sector-- and the economy at large.
They have injected more than Sh5 billion into the economy through acquisitions and investments in Kenyan companies.
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