ASEACC is proud to congratulate our member, Wilmar International, on the signing of a landmark joint venture agreement with Tropical General Investments (TGI) Group of Nigeria. The 50:50 partnership will merge both companies' food and agribusiness operations in Nigeria and the Republic of Benin into a single integrated platform, targeting an addressable market of approximately US$12 billion.

The joint venture brings together two highly complementary businesses. Wilmar contributes its world-class palm oil processing expertise, global sourcing network, and trusted consumer brands. TGI Group, with over four decades of Nigerian food manufacturing experience, adds deep local market knowledge, established consumer brands, and a nationwide distribution network. Together, the platform will serve more than 260 million consumers across both markets.

 

Wilmar Chairman and CEO Kuok Khoon Hong described the combination as "a uniquely positioned business to serve African consumers and contribute to the long-term development of the region." TGI Group Founder Cornelis G. Vink added that the partnership will "leverage Wilmar's global scale and expertise as well as TGI's local knowledge to deliver innovative food solutions across Africa."

 

Beyond commercial ambition, both parties have committed to supporting smallholder farmers, deepening domestic value addition, and creating employment across the value chain, reinforcing the venture's long-term contribution to West Africa's food security.

At ASEACC, this joint venture exemplifies the Africa–Southeast Asia partnerships we champion: equal ownership, complementary strengths, and a genuine commitment to building lasting value in the market. We look forward to watching this platform grow.

The transaction is expected to be completed before end of 2026, subject to regulatory approvals.