African Business Through CFAO and Synergies Across Businesses

「In December 2025, TOYOTA TSUSHO MANUFACTURING GHANA CO. LIMITED, a subsidiary of CFAO SAS, acquired the dealership businesses in Ghana for TOYOTA MOTOR CORPORATION and Hino Motors, Ltd. As a result, Ghana became the 36th country in Africa where our group operates a directly managed TOYOTA MOTOR CORPORATION dealership.」

「In June 2025, Suez Gulf Wind Farm II, which was under construction in Egypt, began commercial operations. With installed capacity of 654MW, the power plant is the largest in Africa, where electricity demand is expected to grow with population increases. Combined with Suez Gulf Wind Farm I, which is already operating, total capacity is 916.5MW.」

「Also, in November of the same year, we expanded the Suez Gulf Wind Farm II in Egypt, which we are developing with Eurus Energy Holdings Corporation, and revised the plan to increase its capacity to 654MW, making it Africa's largest wind power plant.」

「AEOLUS SAS, a group company established to contribute to green economic development in Africa through renewable energy businesses, joined an independent power producer (IPP) business in Tunisia in August 2024 with Norway's Scatec ASA. The business involves constructing, owning and operating solar power plants with a combined capacity of 100MW and selling the electricity.」

「In February 2024, we concluded a memorandum of understanding with the Kenyan government to contribute to carbon neutrality, industrial development and talent development. We will work to build a value chain for producing, transporting and using green energy in Kenya by promoting renewable energy project development, the adoption of high-efficiency transformers that reduce transmission losses, and the adoption of electric vehicles through a multi-pathway approach.」

「In November 2023, CFAO Motors Angola, S.A. launched Phase 2 of the Toyota Angola Academy to strengthen the training of automotive service instructors. The project was realized based on the MOU concluded at TICAD8, with the aim of furthering automotive mechanics' career development and independence. We will continue to actively develop the industrial talent who will shape Africa's future.」

「In Benin, where securing a stable and affordable power supply is an urgent issue, we received an order in August 2023 from the Société Béninoise d'Énergie Électrique, under the country's Ministry of Water and Energy, to construct a 25MW solar power plant. This is the first large-scale renewable energy power plant construction project undertaken by a Japanese company in West Africa, and completion is scheduled for 2025.」

「In March 2023, we received an order from Nigeria's Ministry of Power for a reinforcement project at the Apapa Road substation, which supplies electricity to Lagos State, with completion scheduled for September 2025. The project is expected to contribute to stabilizing the power supply and building the foundations for high-quality economic growth in Lagos, the center of Nigeria's economy. Going forward, we will continue to deliver a better environment for Africa's future generations through the development of basic infrastructure such as energy, ports and water.」

「In March 2023, we concluded MOUs with Angola's Ministry of Health concerning healthcare, and with development agencies under the Ministry of Energy and Water and the Ministry of Transport concerning the green economy, including renewable energy. We will contribute to the diversification of the country's industries and its economic development.」

「Our group company CFAO SAS established Health54 SAS, an investment company specializing in healthcare startups in Africa. In October 2022, it made its first investment in Lifestores Healthcare, which operates a retail pharmacy chain in Nigeria and sells pharmaceuticals online to approximately 600 hospitals and pharmacies.」

「Ahead of the 8th Tokyo International Conference on African Development (TICAD8), in August 2022 we donated 1 vaccine refrigerated transport vehicle to Tunisia's Ministry of Health. The vehicle had obtained medical equipment quality certification established by the World Health Organization (WHO). Through the vaccine refrigerated transport vehicle supply business, we will contribute to global health. (Mobility and Life & Community fields) At TICAD8, we held meetings with heads of state and cabinet-level officials from major African countries and concluded a total of 25 MOUs, further strengthening relationships with the governments of each country and partner companies.」

「In June 2022, we received an order from Senegal's national water utility to construct the country's first seawater desalination plant and provide 2 years of maintenance and servicing, with the aim of ensuring a safe and stable water supply. Completion is scheduled for 2025, and the plant will be capable of supplying 50,000 tons of water per day to the people of Dakar, the capital, equivalent to demand from approximately 700,000 people.」

「CFAO SAS and Mobility 54 Investment SAS invested in InTouch SAS in July 2021. InTouch operates a digital payments services business mainly in West Africa. We will work to improve customer convenience across our automotive, healthcare, consumer goods and other businesses in Africa.」

「To strengthen sales of Toyota-brand compact vehicles in the African market, we began selling an India-made compact passenger vehicle in Africa as the Starlet in September 2020, supplied on an OEM basis by SUZUKI MOTOR CORPORATION. In 2021, we will expand the model lineup and provide additional services to meet customer needs.」

「In December 2020, we signed a business alliance agreement with 株式会社アルム to contribute to improving the safety, quality and efficiency of healthcare. Using the company's cloud platform for healthcare professionals, we will connect SAKRA WORLD HOSPITAL, operated by Toyota Tsusho in India, with Euracare clinics operated in Africa by a subsidiary of CFAO SAS, and begin medical collaboration and telemedicine support between the facilities.」

「To strengthen sales of Toyota-brand compact vehicles in the African market, we began selling an India-made compact passenger vehicle in Africa as the Starlet in September 2020, supplied on an OEM basis by SUZUKI MOTOR CORPORATION.」

「To use the services of Sendy Limited, which operates a logistics digital platform service mainly in Kenya and elsewhere in East Africa, Mobility 54 Investment SAS subscribed to Sendy Limited's Series B private placement and decided to invest in the company in December 2019.」

「In November 2019, CFAO SAS acquired shares in South Africa's major automotive dealer group Unitrans Motor Holdings Proprietary Limited through a subsidiary, with the aim of strengthening its automotive sales platform in Africa.」

「In August 2019, we decided to establish Mobility 54 Investment SAS with CFAO SAS, an investment company specializing in equity investments and loans to mobility-related startups, to accelerate our mobility business in Africa.」

「To strengthen services for users of Toyota used vehicles in Africa, we certified the Japan Vehicle Service Center in Nairobi, Kenya, together with Toyotsu Auto Mart Kenya Limited, as the first TEAM TOYOTA-affiliated service center in Africa in June 2019, and are working to expand the network.」

「In particular, under our Africa strategy for achieving the medium-term management plan, we will use CFAO SAS as our regional headquarters to expand our automotive, pharmaceuticals and retail businesses across Africa. In January 2019, all of TOYOTA MOTOR CORPORATION's sales-related operations in the African market changed to our company, further expanding the markets we serve, and we will seek to provide better products and services to customers in Africa.」

「In cooperation with CFAO SAS, we received an order in September 2018 from Morocco's National Institute of Fisheries Research, under the Ministry of Agriculture, Maritime Fisheries, Rural Development and Water and Forests, for 1 oceanographic and fisheries research vessel.」

「On 1 June 2018, we entered into a memorandum of understanding with TOYOTA MOTOR CORPORATION to continue discussions aimed at transferring all sales-related operations in the African market to our company around January 2019, and the two companies are discussing an action plan for the transfer of operations.」

「On 1 June 2018, we entered into a memorandum of understanding with TOYOTA MOTOR CORPORATION to continue discussions aimed at transferring all sales-related operations in the African market to our company around January 2019.」

「CFAO SAS began a shopping center business in Cameroon and opened Carrefour Market Bonamoussadi in Douala, the country's largest economic city, in December 2017.」

「In the development project for the Port of Mombasa in Kenya, East Africa's largest commercial port, we received an order jointly with Mitsui Engineering & Shipbuilding Co., Ltd. to supply 16 port cargo-handling cranes, and the contract took effect in November 2017.」

「As part of an upstream strategy for the pharmaceuticals business, Eurapharma S.A., a subsidiary of CFAO SAS, acquired a majority stake in Maphar S.A., a subsidiary of major pharmaceutical company Sanofi, in Morocco and entered the manufacture and sale of pharmaceuticals.」

「On 5 April 2017, we held the grand opening of the brewery operated by BRASSIVOIRE (Brassivoire) in Côte d'Ivoire. BRASSIVOIRE is a beer manufacturing and sales company established as a joint venture between CFAO SAS and Heineken, a Dutch beer manufacturer and distributor.」

「Specifically, to incorporate the expertise of CFAO SAS, which has an operating base in Africa and more than 120 years of history, into groupwide management and accelerate its regional strategy, we made the company a wholly owned subsidiary and newly established the Africa Division, our first regional operating division centered on the company's businesses.」

「In Nigeria, CFAO S.A., in which we have invested, also began an assembly and sales business for 2-wheel vehicles with Yamaha Motor Co.,Ltd.」

「CFAO S.A., in which we have invested, began assembling and selling 2-wheel vehicles in Nigeria through CFAO YAMAHA MOTOR NIGERIA LTD., a joint venture established with Yamaha Motor Co.,Ltd.」

「In overseas regions, through CFAO S.A., in which we have invested, we will further strengthen the Life & Community and Resources & Environment fields by expanding our automotive business in Africa and pursuing synergies by leveraging CFAO's networks in pharmaceuticals, beverages and retail.」