Africa
Africa
Point!
With a rapidly growing middle class and a younger demographic composition, Africa has been called the "final frontier" and is attracting global attention for its potential growth.
Toyota Tsusho Group is creating businesses based on its "WITH AFRICA FOR AFRICA" philosophy, with the long-term view of cultivating deep local roots and growing with local communities. In the fiscal year ended March 2022, the revenue (sales) of the African business reached 1 trillion yen for the first time.
Toyota Tsusho Group is creating businesses based on its "WITH AFRICA FOR AFRICA" philosophy, with the long-term view of cultivating deep local roots and growing with local communities. In the fiscal year ended March 2022, the revenue (sales) of the African business reached 1 trillion yen for the first time.
Contribute to Africa's economic growth and industrialization based on a philosophy of "WITH AFRICA FOR AFRICA"
Respond to the expanding middle class, with the goal of establishing the leading presence in Africa.
Grow with African and other developing countries, and endeavor to resolve social issues through business operations
We undertake local infrastructure and industrial development, job creation, and other measures through our automotive and other business activities to resolve social issues in developing countries in Africa and other regions. In Kenya, we worked as a strategic business partner in a national project aimed at supporting realization of the country’s national vision. We used the results as a pilot model to promote the autonomy of local residents and to support the growth of the Toyota Tsusho Group. Those initiatives included development of basic infrastructure for better living environments and provision of opportunities for occupational training.
Main Businesses
| Mobility | New car sales and after-sales service, automotive production support, used-car sales, vehicle assembly, distribution and maintenance of a wide range of capital goods, such as machinery and handling equipment, distributor business, next mobility, and MaaS business |
|---|---|
| Infrastructure | Infrastructure businesses for renewable energy, seaport development, water supply, etc. Design, installation, and maintenance business for elevators, air conditioners, solar panels, etc. |
| Healthcare | Production, wholesale, and retail of pharmaceutical products |
| Consumer | Development of retail businesses (shopping mall, supermarket, etc.). Import and production of everyday consumer goods. Local production and distribution of beverages |
Value Creation Business
Toyota Tsusho Key Sustainability Issues's Key Performance Indicator
Quantitative KPIs
Electrified vehicle sales in Africa
2023 result
12,000 vehicles
2024 Target
23,000 vehicles
2027 Target
61,000 vehicles
- Path to achieving the 2027 target
- Increase in electrified vehicle sales, mainly in South Africa
Revenue (sales) from pharmaceuticals in Africa
2024/3 result
260.0 billion yen
2025/3 Target
322.0 billion yen
2027/3 Target
349.0 billion yen
- Path to achieving the 2027/3 target
- Expand market share by strengthening pharmaceutical distribution business
Total renewable power generation capacity in Africa
2024/3 result
263MW
2025/3 Target
263MW
2027/3 Target
1,053MW
- Path to achieving the 2027/3 target
- Scheduled launch of solar power generation businesses in Kenya and Tunisia and wind power generation business in Egypt
Number of employees in Africa
2023/3 result
21,000
2024/3 Target
21,350
- Analysis of changes
- Expansion of employment in the mobility and healthcare sectors in South Africa in line with business expansion
Qualitative KPIs
New investment in developing countries including countries in Africa
- Signing of a comprehensive memorandum of understanding with the Kenyan government to achieve carbon neutrality; commitment to cooperation in the construction of a green energy value chain, industrial development, and human resource development
- Establishment of a vehicle assembly plant in Cambodia and commencement of SKD* production; contribution to the development of the country’s economy and society and to human resource development through the promotion of the mobility industry
- Decision to build a second Japanese-style general hospital in Bengaluru to improve India’s medical infrastructure (scheduled to open in 2027)
- Establishment of Aeolus. Aim to develop renewable energy power sources suited to the conditions of each African country and to expand the amount of renewable energy introduced
- *SKD: Abbreviation for semi-knocked-down. A vehicle assembly method in which the body is imported already welded and painted, and the main components are then assembled into the body and chassis.
Toyota Tsusho Information Related to Africa
Africa-related Topics
Projects that Contribute to Africa
Africa-related Website Content
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