MOL, KiliMOL, Double Feather Partners Sign MoU – Aiming to Enter Food Value Chains in Africa
Mitsui O.S.K. Lines, Ltd. signed a memorandum of understanding (MoU) with KiliMOL (Representative: Mikio Oyama; Headquarters: Minato-ku, Tokyo (Note 1)) and Double Feather Partners Co., Ltd. (DFP; CEO: Kohei Muto; Headquarters: Shibuya-ku, Tokyo) aimed at creating new businesses in logistics and agricultural fields in African nations.
DFP is a Japan- and Africa-based corporate advisory company that provides local business strategy support services and hands-on support using its robust networks in local ecosystems to increase corporate value. In addition, its functions include venture investment in startups to address social issues, as well as business accelerator program in Africa. Collaboration with DFP enables not only KiliMOL, but also the entire MOL Group to create new businesses in Africa by building networks with African companies in various fields. MOL positions regional strategy among its key business strategies. The group plans to help establish local food value chains and alleviate poverty problem in Africa by entering fields such as sales of agricultural machinery and new businesses in logistics and agriculture.
(Note 1) Please refer to April 27, 2021, news release: MOL to Establish “KiliMOL” a Cross-Border e-Commerce Service to deliver Used Agriculture Machinery to Africa.
Source: Mitsui O.S.K. Lines