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HomeNewsTunisia: Bouchamaoui’s Group eying acquisitions in sub-Saharan Africa

Tunisia: Bouchamaoui’s Group eying acquisitions in sub-Saharan Africa

The Hédi Bouchamaoui Group (HBG) family holding, named after its founder, is eying acquisitions in sub-Saharan Africa in the agriculture and services sectors, according to information collected by “Jeune Afrique Business” magazine and reported by Ilboursa.

In this regard, HBG explores expansion pathways in solar and wind power and is looking for European partners, said the same source.

“The group is actively seeking an expert partner in Europe to invest the renewable energy field of solar and wind power at home in Tunisia, supported by the government, because of the country’s deficit energy balance”, adds Jeune Afrique Business.

HBG is present in many sectors in Tunisia, namely car distribution with the brands Kia and Honda, repair with Speedy, clothing stores Kiabi, agriculture in the region of Gabes (olive plantations and olive groves and almond trees), as well as in residential and office real estate.

The group is also active in finance through its holdings in the UIB, a subsidiary of the French banking group “Société Générale in Tunisia”, and in the insurer AMI.

The Holding’s Board of Directors is composed of Mouna, Tarek, Ouided (UTICA President), Amel and Khaled Bouchamaoui, all sons of Hedi Bouchamaoui


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