Dubai-Based Firm to Invest $1.6 Billion in Africa AI and Farms

Maser Group, a closely held Dubai-based company, is pivoting to investment in farmland and data centers across Africa as demand for technology infrastructure and the need for food security surge.

The maker of consumer electronics such as television sets has committed to investing $1.6 billion in Nigeria, Ghana and Kenya over the next 24 months, to plug the continent’s food and digital infrastructure deficits, Founder and Chairman Prateek Suri said. Maser has already spent $300 million on acquiring land and other asset-backed projects.