Maser Group Plans Major Investment in Nigeria as Part of $1.6bn Africa Expansion

Dubai-based Maser Group is accelerating plans to invest $1.6 billion across Nigeria, Ghana and Kenya, targeting sectors where demand growth and long-term capital returns are converging namely data infrastructure, artificial intelligence capacity and large-scale agriculture.

The investments, scheduled over the next 24 months, mark a strategic expansion for the company as global interest in Africa’s digital and food production markets intensifies. Nigeria features prominently within this strategy, reflecting its market size, consumption dynamics and expanding role in regional technology and supply chains.

Responding to Market Signals

Maser, founded in 2014, established its African presence through consumer electronics sales in countries including Nigeria, Ghana, Kenya, South Africa and Egypt. The move into farmland and data centers represents a progression toward infrastructure assets aligned with structural demand.

The company has already committed approximately $300 million to land acquisition and other asset-backed projects across its target markets, positioning it ahead of broader capital inflows expected into these sectors.

Africa imported more than $83 billion in food in 2023, according to the UN Economic Commission for Africa, while data-center demand is projected to rise sharply. McKinsey estimates that capacity will need to increase from around 0.4 gigawatts today to about 2.2 gigawatts by 2030, requiring up to $20 billion in new investment.

Nigeria’s Investment Case

Nigeria’s inclusion reflects a combination of scale and momentum. Rapid growth in digital services, cloud computing and AI-enabled platforms is reshaping infrastructure requirements, while the size of the domestic market continues to support investment in agricultural production and processing.

Maser has indicated it is engaging with technology partners in Taiwan on potential joint ventures to develop data centers in Africa, a move aimed at aligning technical expertise with local market demand.

Capital and Partnerships

Financing for the expansion will be led by MDR Investments LLC, a Maser Group unit managing a $500 million fund, alongside Chia Ventures Co. of China. MDR is also pursuing public-private partnerships with governments, including Nigeria’s, across sectors such as agriculture, mining and affordable housing.

A Competitive Investment Landscape

With global capital increasingly seeking growth outside mature markets, Nigeria and other African economies are attracting attention as platforms for long-term expansion. Maser’s planned investments suggest a view that early positioning in infrastructure and productive assets could shape returns as demand deepens.