Group Profile

With a turnover of Rs 8.18 billion for 2018, Alteo is a leading regional group with well-established activities in the Sugar, Energy and Property sectors. Listed on the Official Market of the Stock Exchange of Mauritius (SEM), Alteo is the largest sugar producer in Mauritius with a strong presence in Africa. Alteo operates three sugar factories in Mauritius, Tanzania and Kenya. In 2017/18, the Group produced 280,000 tonnes of raw sugar, 104,000 tonnes of refined white sugar and 45,000 tonnes of premium sugar.

In addition to its sugar activities, Alteo owns and operates two power plants (one in Mauritius, one in Tanzania) that exported 363 GWh to the grids in 2018. One of the Group’s core objectives is to further expand its activities in the energy sector, and to become a major player in renewable energy in Mauritius and East Africa.

Over the last decade, Alteo has been diversifying into the property sector through the development of Anahita, a luxury residential and golf estate, developed under the Integrated Resort Scheme. Lately, the Group has been focusing on an ambitious strategic master planning exercise, with the ultimate aim of unlocking the value of its substantial land asset base, through the development of a variety of innovative real estate projects in the East of Mauritius.