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ER Group launches its new strategic plan through 2029 to strengthen its leadership and accelerate regional expansion

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ER Group

The plan was presented in Moka, Mauritius, before more than 450 senior managers and executives of the Group

MOKA, Mauritius, July 20, 2026/APO Group/ –ER Group (https://ERGroup.mu/), a leading Mauritian diversified group, has unveiled a new three-year strategic plan through 2029, centred on accelerating its expansion across East Africa and the Indian Ocean while strengthening its leadership at home. The plan was presented in Moka, Mauritius, before more than 450 senior managers and executives of the Group.

ER Group’s new three-year plan builds directly from its ten-year strategic plan, unveiled earlier this year. The previous three-year plan delivered a number of significant milestones, including the creation of ER Group through the merger of Mauritian business flagships ENL and Rogers, the opening of the 130,000 sqm Moka Sports Centre and the sought-after Telfair business neighbourhood, now serving the local community, the distribution of XPeng electric vehicles by Axess, and the opening of La Réserve Golf Links, ranked among the world’s top 30 golf courses within three years of opening.

The Group also launched its Sustainable Finance Framework, established a MUR 1 billion (approximately USD 22 million) Africa expansion vehicle to support its regional ambitions, consolidated Beachcomber Group as a subsidiary, and, alongside a joint venture partner, was granted an in-principle approval by the Bank of Mauritius to establish a bank.

“We are closing this financial year as one of the country’s most profitable, skilled, and impactful groups. This gives us a strong foundation as we begin our new three-year plan,” said Gilbert Espitalier-Noël, Group Chief Executive Officer of ER Group, at the presentation.

The Group’s ambition

The plan is set around four priorities for the next three years: strengthened profitability, driven by the leadership across each business segment; a strong stewardship as a national player committed to sustainable and inclusive development; disciplined regional growth, in the Indian Ocean and East Africa in particular; and increased shareholder value creation.

“This plan reflects a choice we made many years ago and continue to make: to invest for the long term, with the country and our people at the heart of our strategy,” said Gilbert Espitalier-Noël. “This plan was built with our teams. What we make of it is theirs to write.”

Regional expansion rooted in Mauritius

The regional expansion is central to the plan, with its weight in the Group’s future set to accelerate in the years ahead.

Already present in 17 territories through subsidiaries such as Beachcomber, Ecoasis, ER Aviation, Rogers Capital and Velogic, as well as stakes in groups such as Eclosia and Swan, ER Group intends to establish itself as a recognised regional player through disciplined expansion.

This next phase concentrates on the sectors where the Group has proven expertise: Logistics, Technology & Energy, Hospitality and Travel, and Finance. Geographically, priority is given to East Africa and the Indian Ocean. The Group has already established a presence in Nairobi, a foothold for accelerating its development on the African continent, with the ambition of growing the share of revenue generated outside Mauritius to 28% by 2029.

Mauritius remains the heart of the organisation, which continues to invest significantly on the island, both economically and in sustainability.

“This expansion is designed as an extension of the Group’s strengths and of its conviction in Mauritius’ potential, not as a step back from the country. Our regional expansion builds on our Mauritian foundations.” Gilbert Espitalier-Noël said.

People and social impact at the heart of the plan

Beyond the numbers, this plan places the Group’s team members and its contribution to Mauritian society at the centre of its strategy.

“Our people are not only our greatest asset but our responsibility” said Gilbert Espitalier-Noël.

Our regional expansion builds on our Mauritian foundations

The plan includes measurable sustainability commitments, carried by teams across the Group and supported notably by the ER Foundation and the Sustainable Finance Framework, including increasing:

  • the proportion of women in leadership to 40% by 2031
  • the share of electric passenger vehicles in Axess sales to 10% by 2031
  • the share of green-certified rental buildings to 50% by 2031

By strengthening its leadership, investing in its talent and expanding its regional footprint from Mauritius, ER Group intends to contribute directly to the country’s economic appeal, the creation of skilled jobs and the international profile of Mauritian expertise.

Box – Strategic direction by business segment through 2029

Segment ER Group’s direction through 2029
Agribusiness (ER Agri, Agrïa & Case Noyale) Maintain its position among the country’s top three sugar cane producers and grow tea cultivation to 150 hectares within ER Agri, while continuing the agri-tourism diversification of Agrïa & Case Noyale.
Hospitality & Travel
(ER Hospitality, NMH/Beachcomber,
ER Aviation)
Strengthen ER Aviation’s regional leadership in 4 new countries, complete the renovation of the entire Beachcomber hotel portfolio and open a new hotel outside Mauritius, while continuing the renovation and repositioning of the ER Hospitality portfolio (Veranda, Heritage Resorts, Bel Ombre).
Real Estate (ER Property, Ascencia, Oficea) Deliver major urban and commercial projects across the segment’s entities, including Mall de Flacq and Bel Air Mall (Ascencia) and The Grid (Oficea), alongside continued development of Moka City and Savannah (ER Property), while reducing the segment’s debt.
Logistics (Velogic) Increase the share of business generated in the region from 40% to 60%, while consolidating its leadership in the Mauritian market.
Commerce & Manufacturing Maintain Axess’s leadership in the local automotive market, while continuing to integrate the segment’s other brands, including Nabridas, JMD, Grewals, Ensport (Decathlon Mauritius) and the Group’s restaurant brands (Domino’s, Ocean Basket), and accelerating process digitalisation.
Finance (Rogers Capital) Extend Rogers Capital’s presence into new financial centres while strengthening its credit and leasing activities in the local market.
Technology & Energy Position Suntricity as the leading solar distributor in Mauritius, expand Ecoasis to Zanzibar, the Seychelles and Madagascar, and accelerate growth of the segment’s technology businesses (Rogers Capital Technology, FRCI, Superdist).

Distributed by APO Group on behalf of ER Group.

 

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

Distributed by APO Group on behalf of Energy Capital & Power.

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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IsDBI

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

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