With a turnover of Rs 8.93 billion for 2017, 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 2016/17, the Group produced 300,000 tonnes of raw sugar and 167,000 tonnes of refined white sugar. Alteo plans to further expand its activities, notably in the East African region, in the aim of producing an annual 500,000 tonnes of sugar within the next few years.
In addition to its sugar activities, Alteo owns and operates three power plants (two in Mauritius, one in Tanzania) that export an average of 340 GWh to the grid annually. One of the Group’s core objectives is to increase its activities in the Energy sector and to become an important player in renewable energy in Mauritius and Africa.
Alteo is also continuing its expansion into the luxury real estate sector through Anahita, more specifically with the development of Anahita’s northern parcels. Moreover, the Group is now developing a strategy to capitalise upon its substantial land asset base, through a variety of new real estate projects.
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