Tolaram, Nigeria’s leading manufacturer, is exploring new opportunities with Japanese conglomerate Toyota Tsusho.
Tolaram Join Forces With Toyota Tsusho
On Thursday, the two companies signed a Memorandum of Understanding, aiming to invest across African markets.
Under the MoU, they will collaborate in consumer goods, infrastructure, and joint business ventures across the continent.
Driving Investment Across Africa
Moreover, they plan to create a platform that helps global companies enter African markets efficiently and responsibly.
Both firms believe their combined strengths can drive economic growth while addressing social challenges sustainably.
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Local Expertise Meets Global Reach
Tolaram, headquartered in Singapore, has operated in Africa for nearly five decades, running 25 factories.
In addition, it holds a 30% stake in Lekki Deep Seaport and Lagos Free Zone.
Toyota Tsusho actively works in 54 African countries under its “With Africa, For Africa” philosophy.
Furthermore, it applies expertise in mobility, green infrastructure, healthcare, and consumer goods, complementing Tolaram’s local knowledge.
Together, the partnership aims to unlock investment opportunities and foster long-term, responsible growth across Africa.
