CIEL invests in five strategic sectors where the Group already enjoys a solid market position and/or because these markets are experiencing high growth rates in the region.
CIEL Limited is a leading diversified investment company in Mauritius, operating five business clusters (Agro-Industry and Property, Textile, Hotels and Resorts, Financial services and Healthcare) spread across Mauritius, Africa and Asia with 30,000 employees. Since its beginnings in agriculture in 1912, the pioneering group is continuously exploring new avenues of development and international expansion.
Business Sectors Agro And Property
Deeply linked with the sugar industry since 1912, CIEL remains a key stakeholder in the agro-industry with its 20.96% shareholding in Alteo Limited, a listed company on the Official Market of the Stock Exchange of Mauritius (SEM), and has gradually diversified in the property sector.
Also part of the CIEL Agro & Property cluster is Ferney Limited, an important agricultural landowner (3,000 hectares) situated close to the airport on the South East coast of Mauritius and Ebene Skies Limited, a six level building where CIEL is headquartered.
3 countries :
- - Mauritius
- - Tanzania
- - Kenya
3 sugar factories
3 power plants
Hectares of land located in the south east region of mauritius
Agro and Property Alteo
CIEL Agro & Property owns 20.96% of Alteo Limited (ALTEO), listed on the Official Market of the Stock Exchange of Mauritius (SEM) since 2012. ALTEO is a regional group with well-established activities in the sugar, energy and property sectors. As the largest sugar producer in Mauritius, and with a strong presence in Africa, ALTEO operates three sugar factories in Mauritius, Tanzania and Kenya.
ALTEO owns a controlling interest in TPC Ltd, the sugar factory based in the Kilimanjaro region of Tanzania, which produces around 95,000 tons of sugar. Alteo, through its subsidiary, Sucrière des Mascareignes Limited which holds a stake 51% in Transmara Sugar CoLtd, a Kenyan sugar factory, produces around 60,000 tons of sugar per annum.
In addition to its sugar activities, ALTEO owns and operates three power plants (two in Mauritius, one in Tanzania) that are fueled by a mix of bagasse and coal that export 340 GWh to the grid.
ALTEO is moreover the owner and developer of Anahita, an IRS development on the east coast of Mauritius.
Agro and Property Ferney & Other Properties
Ferney Ltd, La Vallée de Ferney & Ebene Skies Limited
CIEL Limited holds 71.06% shares of Ferney Ltd, a large agricultural land owning company (3,000 hectares). Together with the Government of Mauritius, Ferney Ltd is the main sponsor of La Vallée de Ferney, a 200 hectares nature reserve sheltering a unique biodiversity of over 100 plant species and numerous vertebrate and invertebrate species as well.
CIEL Limited, through Ebene Skies Limited, also owns the Ebene Skies building, with a surface area of 7,800 sq.m of office space.
Business Sectors Textile
CIEL owns 56.31% of CIEL Textile Limited, a company listed on the Development and Enterprise Market of the Stock Exchange of Mauritius since 2006. CIEL Textile is a world-class global player in textile and garments operations, spanned across Mauritius, Madagascar, India and Bangladesh.
CIEL Textile has developed into a regional one-stop shop for textiles, with vertically integrated business units, from yarn spinning to finish garments. The Group positions itself as the best alternative to China with the objective to deliver unbeatable value to medium and upmarket retailers.
- Mauritius: 8
- Madagascar: 6
- India: 5
- Bangladesh: 1
Revenue for the year
ended 30 June 2016 (MUR)
2015 : MUR 10,131M
Business Sectors Knitwear Cluster
Floreal Knitwear & Ferney Spinning Mills (FSM)
Floreal Knitwear Ltd has,since its creation in 1972, developed into an international business with an annual production of 5 million sweaters. Floreal Knitwear Limited produces high quality sweaters and exports beautiful and innovative knitwear to its customers worldwide. Headquartered in Mauritius, it is an international business with a vertically integrated wool spinning factory, Ferney Spinning Mills, and factories in Madagascar and Bangladesh. Floreal Knitwear is supported by marketing and support offices in the United Kingdom, South Africa, Hong Kong and China.
- Floreal Knitwear Ltd
- Ferney Spinning Mills
Countries: Mauritius, Madagascar and Bangladesh
Turnover: MUR 2.5BN for the year ended 30 June 2016
Business Sectors Fine Knits Cluster
Tropic Knits and CDL
Tropic Knits is one of the largest manufacturers of quality jersey-wear garments in the Indian Ocean. With a dynamic and proactive design department, Tropic Knits Limited proposes fast and high-quality integrated product developments and sampling to international market leaders. Tropic Knits Limited is vertically integrated with CDL Knits Limited, a knitting, dyeing and finishing mill producing fabric for the fine knits garment making industry.
Countries: Mauritius, Madagascar and India
Turnover: MUR 2.2BN for the year ended 30 June 2016
Business Sectors Woven Cluster
Aquarelle Clothing Limited is an international shirts manufacturer supplying a homogenous upper/middle market segment through 10 production units in Mauritius, Madagascar and India.
Aquarelle produces and exports some 15 million shirts and 9 million meters of woven fabric per year. The group has successfully positioned its products in an up-market and aims to be the “Best alternative to China”.
- Consolidated Fabrics Limited (CFL): specialised in manufacturing of fabrics
- Pastel Blue: specialised in the production of women’s shirts
- Laguna Clothing: specialised in the production of men’s shirts
- Aquarelle Casual: specialised in the production of casual shirts
Countries: Mauritius, Madagascar, India and Bangladesh
Turnover: MUR 5.8BN for the year ended 30 June 2016.
Business Sectors Textile Retail
CIEL Textile has its own retail outlets, known as Floreal Boutique, which carry the Harris Wilson, Blu River and Floreal Boutique brands.
The shops can be found at the Floreal Square, The Caudan Waterfront, Sunset Boulevard in Grand Bay, Bagatelle Mall and VIP Way Flacq.
Business Sectors Finance
CIEL owns 75.1% of CIEL Finance Limited, in partnership with Amethis Finance, an investment vehicle dedicated to Africa, with a total investment capacity of USD 530M.
fiduciary services and companies / funds administration
finance Bank One
CIEL, in partnership with the Kenyan banking institution I&M Bank, acquired Bank One in February 2008. Bank One provides a wide range of banking and financial products and services and caters for both domestic and international markets. It offers financial solutions at private, retail and corporate levels and currently operates 13 branches throughout Mauritius.
finance BNI Madagascar
IPRO, Investment Professionals Ltd, is a group focused on managing funds invested in Africa, India, Mauritius and Botswana. The group has been operating in Mauritius since 1992 and in Botswana since 2007.
The four main investment funds managed by IPRO are African Market Leaders, a pan-African listed equity fund, African Absolute Return, a pan-African fixed income fund, IPRO Growth Fund and Ponelopele Fund, which have the majority of their assets invested in Mauritius and Botswana respectively. IPRO cumulates significant regional investment experience and provides its clients with investment solutions in:
- Africa fund management & advisory services
- India & Mauritius fund management
- Portfolio Management to private clients
- Fund administration services
Mauritius International Trust Company Limited (MITCO), is a one-stop-shop for international tax, global estate planning, trust, fiduciary, fund administration, accounting and administration services.
MITCO which is registered with the Financial Services Commissions has a network of associates in London, Channel Islands, Isle of Man, Geneva, Luxembourg, Cyprus, Mumbai, Singapore, Hong Kong, Shanghai, Kenya and Johannesburg.
MITCO Group comprises of three professional firms namely Mauritius International Trust Company Limited, MITCO Corporate Services Ltd and MITCO Limited in the Seychelles.
finance Kibo Capital Partners
Kibo Capital Partners
Kibo Capital Partners is a private equity management company, domiciled in Mauritius and licensed by the FSC as CIS Manager. Kibo Capital Partners is a venture between CIEL Finance, the financial services arm of CIEL Limited and the firm’s management team. Kibo Capital Partners has currently two funds under management, The Kibo Fund LLC and The Kibo Fund II LLC, with assets totaling USD 100M. These funds target growth companies in Eastern and Southern Africa and the islands of the Indian Ocean.
The Kibo Fund LLC
Fund Size : EUR 29M
Launch Date : 2008
Stage : Fully invested
The cornerstone investors in the Fund are CIEL, FMO and DEG. The other investors are Swan and regional investors. The fund is fully invested and has made two exits.
The Kibo Fund II LLC
Fund Size: USD 50M
Launch Date: 2014
Stage : Investment stage
The cornerstone investors are the IFC, the AFDB and DEG. The other investors are CIEL Limited and Swan, both investors in The Kibo Fund LLC, and a number of other investors including European pension funds and family offices. The Fund has currently invested in the healthcare and logistics sector.
ProContact Ltd (PCL), incorporated in 2001, merged with ProContact Execom, a subsidiary of CIEL in 2011. ProContact aims to become one of the leading outsourcing companies in the Indian Ocean. The company is structured into several clusters: PCL Marketing, PCL Services, PCL Help Desk, PCL Etudes, PCL Back Office and PCL Finance.
Business Sectors Healthcare
CIEL Healthcare Limited (CHL) is a Mauritian registered private limited company, with its prime objective to own, operate and manage assets in the healthcare sector in Mauritius and across Sub-Saharan Africa.
in 3 countries
Business Sectors The Medical and Surgical Centre Limited
The Medical and Surgical Centre Limited
CIEL owns a 58.6% stake in The Medical and Surgical Centre Limited (MSCL). MSCL is committed to providing the best healthcare services in Mauritius and owns 2 hospitals, namely Fortis Clinique Darné (FCD) and Ex-Apollo Bramwell Hospital. MSCL is listed on the Development and Enterprise Market (DEM) of the Stock Exchange of Mauritius, with a market capitalisation ~ USD 55M.
FCD is one of the first yet most modern hospital in Mauritius. Since January 2009, it operates as a joint venture with Fortis Healthcare Limited, one of India’s largest healthcare groups. Fortis Clinique Darné operates, since 2014, a new outpatient medical facility in the northern region of Mauritius.
Ex-Apollo Bramwell Hospital is deeply committed to the highest standards of excellence in medical care and has a highly experienced medical team re-presenting over 40 sub-specialties.
Business Sectors Hygeia
Hygeia Nigeria Limited (Hygeia) is a healthcare group, which has been active in Nigeria for 30 years. Hygeia is the largest private healthcare provider in Nigeria and provides stress‐free access to great care through 2 distinct world-class organisations; Lagoon Hospitals and Hygeia HMO.
Hygeia is currently involved in the management of hospitals, clinics and worksite clinics, through the Lagoon Hospitals group. Hygeia also expanded to provide health insurance, through Hygeia HMO, a wholly owned subsidiary of Hygeia Nigeria Limited. The Hygeia Community Health Care is a donor funded initiative, that aims to improve access to quality healthcare to low income groups in Nigeria. Through the Hygeia Nigeria Limited Foundation, the company also now builds capacity for the medical personnel in and beyond its provider network. Through these entities, Hygeia has been able to deliver primary, secondary and tertiary healthcare to the Nigerian population.
Laboratoire International de Bio Analyse (LIBA) is an ISO 17025 accredited multi-disciplinary testing and research laboratory. LIBA offers high quality analysis services in the field of health security and environment, to companies in the following sectors:
- Textile & Industrial Production
- Hotels/Restaurant Industry/Food Production
- Animal Breeding & Healthcare
- Clinical Research
- Chemical Production & Pharmaceuticals
healthcare International Medical Group (IMG)
International Medical Group (IMG)
In June 2015, CHL has expanded its interests in the healthcare sector in Uganda by acquiring IMG, the leading provider of private healthcare services in Uganda.
Established in 1996, International Medical Group (IMG) provides innovative, affordable and high quality healthcare sevices in the region through International Medical Centres, a network of outpatient clinics throughout Uganda, International Hospital Kampala (Uganda's largest private hospital), and IAA Healthcare, which provides medical membership schemes for the public at large. IMG also includes International Health Sciences University (IHSU), IMF, a charitable foundation, IMG Pharmaceuticals and the International Diagnostic Centre (IDC) which provides quality diagnostic services and wellness checks.
Business Sectors CIEL HEALTHCARE AFRICA
CIEL Healthcare Africa
CIEL Healthcare Africa Limited (CHA), is the management company for all existing and potential (but not restricted to) CHL healthcare assets in Sub-Saharan Africa, in association with Fortis Healthcare (‘Fortis’). CHA also aims at prospecting new opportunities in the Indian Ocean and the African continent.
Business Sectors Hotels and Resorts
CIEL Hotels Resorts is CIEL’s cluster that regroups all the tourism and hospitality activities of the Group.
CIEL owns 59.8% of Sun Limited (a company listed on the Official Market of the Stock Exchange of Mauritius) and 50% of Anahita Residence & Villas Ltd.
Owned and managed
Properties in the
And four seasons
Sun limited listed on
the stock exchange
5 private islands
in mauritius and
Abous Us Sun Ltd
CIEL owns 59.8% of Sun Ltd (SUN) which owns and operates four resorts in Mauritius (La Pirogue Resort & Spa, Sugar Beach Golf & Spa Resort, Long Beach Golf Resort & Spa and Ambre Resort & Spa) and one in Maldives (Kanuhura), all operating in the four to five star-segments.
In June 2014, SUN, also owner of Le Touessrok, signed a management contract with Shangri-La Hotels and Resorts for the management of the property. After an extensive six-month renovation, on 1 November 2015, the hotel reopened and started operating under the name Shangri-La’s Le Touessrok Resort & Spa, Mauritius.
In JUNE 2015, SUN acquired a 100% stake in Anahita Hotel Ltd, which owns the Four Seasons Resort Mauritius. CIEL in joint venture with Alteo also owns 50% of Anahita Residence & Villas Ltd, which is operating under the brand ‘Anahita The Resort’.
Turnover: MUR 5.1BN for the year ended 30 June 2016
Long Beach Golf & Spa Resort
Enjoying along an expansive beach on the lively eastern coast and arguably one of the most contemporary resorts of Mauritius, Long Beach Golf & Spa Resort challenges the ordinary with its distinctively bold, island chic and vibrant offer.
With its bold island chic and vibrant offer, Long Beach Golf Resort & Spa calls out to high-spirited families and couples with a passion for the now, seeking energetic times or relaxation.
La Pirogue Resort & Spa
Renowned for its authenticity, La Pirogue Resort & Spa, Mauritius is well versed in the art of Mauritian hospitality. This resort has enjoyed a solid reputation for romance and excellent service since its creation in 1976.
With its warm atmosphere, wonderful beach, exquisite restaurants, lively bars, high-end Aura Spa and the extensive recreational and sporting activities, this mythical hotel promises guests a memorable holiday.
La Pirogue nestles in 14 hectares of magnificent tropical gardens where the fragrance of hibiscus and frangipani permeate the majestic coconut grove.
The unrivaled charm of its cosy and unique thatch-roofed bungalows in a lush coconut grove on the flamboyant sunset coast, La Pirogue weaves privacy into an intimate nest. Here, guests revel in the exquisite feeling of stepping from one’s very own island home straight into the gardens and onto an endless beach and vast lagoon. The resort’s vast expanse offers sheer luxury of space to lovebirds, seasoned couples on a romantic escapade to rekindle the flame, families as well as full-fledged tribes for an affectionate bonding time.
Sugar Beach Golf & Spa Resort
The Sugar Beach Resort & Spa unfurls along an exceptional stretch of beach and lagoon on the sun-drenched west coast. Steeped in time-honoured traditions, lifestyle here is infused with tasteful elegance whilst ensuring ultimate current-day comforts and conveniences.
Gastronomy is open to the world’s cuisines, celebrating fresh seafood and local delicacies. Come sunset, social scenes radiate with warmth and pick up effervescence into the night.
At Sugar Beach Golf & Spa Resort, service is unobtrusive and tranquillity pervades. This peaceful ambience is enhanced in the privileged areas reserved to wedding and honeymoon guests. As a family, or lovebirds, our guests write their very own stories. They leave with closer bonds, filled with joie de vivre.
Ambre Resort & Spa
Ambre Resort & Spa is set along a tranquil beach between Belle Mare and Trou d’Eau Douce on the untamed east coast of the island. It faces the widest lagoon, catches sunrise and instantly warms up guests to its light and rhythmic ambience.
Located in Palmar on the east coast of Mauritius, Ambre Resort & Spa is one of the most appreciated All inclusive resorts in Mauritius boasting a 750m coral sandy beach running along a sheltered bay.
Kanuhura - Maldives
Kanuhura not only crystallises idyllic Maldives; it sublimates the castaway experience beyond its exclusive sea-moored and secluded nature-haven villas.
Reopening in 2016, after full renovations, the resort promises an all-embracing organic sophistication to incarnate authentic luxury.
In the tropical climate of the Maldives, you will be the special guest at the resort’s own private island, the small, wild paradise of Jehunuhura. To fully enjoy your dream holiday in Maldives, Kanuhura also offers a true gastronomic experience through the expertise of its bold Head Chefs in 5 restaurants scattered across the resort.
Business Sectors Shangri-la's Le Touessrok Resort & Spa
Shangri-la's Le Touessrok Resort & Spa
After an extensive six-month renovation, Shangri-La’s Le Touessrok Resort & Spa, Mauritius, has reopened on 1 November 2015. Drawing inspiration from Le Touessrok’s rich history and the chic style found throughout Mauritius, the hotel welcomes guests with Shangri-La’s renowned Asian hospitality.
Nestled along the untouched eastern coast of the verdant island nation, Trou d'Eau Douce Bay's tranquil, uncrowded world-class beaches are found.
With fashionable restaurants, bars and entertainment venues that are set against the backdrop of a dramatic tropical landscape and offer bespoke experiences and luxurious indulgences, Shangri-La's Le Touessrok Resort & Spa, Mauritius, is sure to become the hottest spot in the country.
Business Sectors Four Seasons Resort Mauritius at Anahita
Business Sectors Anahita Golf & Spa Resort
Anahita Golf & Spa Resort
CIEL, in joint venture with Alteo, owns the Anahita Golf & Spa Resort.
Anahita Golf & Spa Resort is located on one of the most beautiful natural sites on the East coast of Mauritius. With the Indian Ocean's crystalline water of the lagoon at its feet, the Resort combines luxury, peace and enchantment. Set amongst 213 hectares of tropical gardens and surrounded by an Ernie Els designed 18-golf course, Anahita Golf & Spa Resort was launched in 2008.