Compagnie Française de l'Afrique Occidentale (CFAO) announced on Wednesday the resumption of distribution activities of Toyota and Hino brands in Mozambique. Previously, the Entreposto group distributed the brands.
By scaling the domestic market after resuming Toyota distribution in Madagascar in 2019, the group is setting an important milestone in its development and strengthening its position as a strategic partner on the continent.
With this asset purchase, Mozambique becomes the 39th country of the group's implantation in Africa. Thus, the CFAO group confirms its position as pan-African distributor of the Toyota brand.
"Mozambique is a promising market for the Group, which will have an extensive distribution network. In addition to the Toyota and Hino brands, the group would like to quickly operate the distribution of the Suzuki brand in the country," reads the company's statement.
According to the document, the group will follow Toyota and Suzuki vehicle distribution in the short term. Therefore, it will encompass the launch of related services such as the sale of spare parts, services and automotive equipment. Therefore, it will have second-hand vehicle offerings and the distribution of heavy vehicle brands such as the Hino brand.
"In fact, the Mozambican market is particularly promising and this operation paves the way for the development of other activities of the group in the country," says Richard Bielle, president and CEO of CFAO.
"Mozambique has great economic potential. The automobile market is still promising and should be accompanied by reference groups with strong brands," adds Nuno Sousa, general director of CFAO Motors Mozambique.
The group made a strong contribution to the development of the African continent, to its industrialization and to the evolution of the middle class.
With a turnover of over 5.8 billion euros, access to 46 of the 54 African countries, and almost 21,000 employees, CFAO is a major player in the fields of mobility, health, consumer goods, infrastructure, and energy.