Tolaram Pte.  and Toyota Tsusho Corporation have signed a Memorandum of Understanding (MoU) to explore a strategic partnership focused on Africa’s consumer and infrastructure sectors. 

Tolaram, with nearly 50 years of operations in Africa, has major investments in consumer goods manufacturing and large-scale infrastructure projects, including Lekki Port and the Lagos Free Zone in Nigeria. Toyota Tsusho, active in 54 African countries under the philosophy “WITH AFRICA FOR AFRICA,” brings expertise in mobility, healthcare, consumer products, and infrastructure development. 

The MoU establishes a framework for collaboration in areas such as consumer products, infrastructure development, and joint business opportunities, including a potential platform to facilitate global companies entering Africa. Both companies aim to combine their strengths to support sustainable economic growth and address social challenges through responsible, long-term business initiatives.