Our history

CORPORATION FOR AFRICA & OVERSEAS

Our history is closely connected to that of the Continent. Since our creation in 1852, we have continuously adapted to changes in Africa’s markets. We have honed unique expertise in each of our business lines by developing a raft of projects and launching a diverse range of activities.

With Africa For Africa

Nearly 175 years of experience: a timeline

1852 1887 1913 1970 1990 1996 2012 2018 2024
1852
1887
1913
1970
1990
1996
2012
2018
2024

Creation of “Établissements Verminck” in Marseille to develop import and export activities between Europe and Africa

The Group changes its name to “CFAO”

First automotive imports into Senegal

First exclusive distribution contract with Toyota for Chad

Acquisition of CFAO by the Pinault Group and refocus on Africa

Acquisition of competitor SCOA, including its Healthcare division

Acquisition of CFAO by Toyota Tsusho Corporation

Integration of TTC’s African operations in East and Southern Africa

Creation of Aeolus, a joint venture with Eurus Energy, to invest in renewable energy in Africa

A Shared Ambition

The alliance between Toyota Tsusho Corporation (TTC) and CFAO became a reality in 2012 when TTC became CFAO’s majority shareholder and was further strengthened in 2016 when TTC became its sole shareholder. In March 2017, CFAO became the spearhead of TTC’s Africa Division across the Continent.

Through their complementary strengths, CFAO and TTC combine their expertise and resources to support Africa’s development and transformation.

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