Tolaram, Toyota Tsusho Target Strategic Partnership in Africa 

Tolaram Pte. Ltd today announced the signing of a Memorandum of Understanding (MoU) with Toyota Tsusho Corporation to explore a strategic partnership focused on Africa’s consumer and infrastructure sectors.

Tolaram, with nearly five decades of presence in Africa, has significant investments in the manufacture and distribution of consumer goods as well as large-scale infrastructure projects such as Lekki Port and the Lagos Free Zone in Nigeria. 

Toyota Tsusho, which operates in 54 African countries under its guiding philosophy ‘With Africa for Africa’, brings deep expertise in mobility, healthcare, consumer products, and infrastructure development, according to a statement on Thursday.

“The MoU provides a framework for discussions around potential collaboration in areas such as consumer products, infrastructure development, and joint business opportunities, including creating a platform that functions as a gateway for global companies wishing to enter Africa,” it said. 

“Together, both companies aim to leverage their complementary strengths to contribute to Africa’s sustainable economic growth and address key social challenges through long-term, responsible business development.”