TSL says all its business units are exploring regional expansion as part of the listed agro-industrial firm’s focus on foreign currency generation.
“Foreign currency generation remains a key priority across the group and all business units are strategically exploring regional expansion,” Derek Odoteye, TSL’s newly-appointed chief executive told analysts last week.
“In 2020, we are looking at getting our chemicals business into Zambia. We are also looking at opening up the Beira corridor, which is a step we are taking into Mozambique through our logistics business.”
He said the company’s approach would, however, be “measured”.
“We are not going to just set up a business, create an overhead and hope that it works. We are going to make sure that the region has an appetite for our products and services first. And then as it demonstrates that it can support itself on its own two feet, we will support it more from a capital investment perspective,” h
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