<TICAD 9>MOL showcases African Business and Projects at TICAD 9 Business Expo & Conference

August 22, 2025

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that the MOL Group participated in the TICAD Business Expo & Conference, an event held alongside The Ninth Tokyo International Conference on African Development (TICAD 9, ^{Note 1}) at Pacifico Yokohama from Wednesday, August 20 to Friday, August 22. This was the group's third time participating in this event, and it showcased a wide range of projects in Africa at the booth. In addition, MOL Group executives spoke at various sessions and signed a total of five memorandums of understanding (MOUs) related to projects in Africa.

<List of sessions presented by MOL>

・Economic Partnership In Indian Ocean-Africa Forum 'Potential of Economic Partnership in Indian Ocean-Africa' (hosted by Nikkei Inc., August 20)
MOL Representative Director and Executive Vice President Toshinobu Shinoda took the stage and introduced MOL's business in Africa and third-country partnerships, as well as its partner strategy within Africa. Amidst the expansion of the African economy, he discussed what could be achieved and how it could lead to further business expansion when viewed from a broad geographical and geopolitical perspective of the Indian Ocean-African economic zone. He also highlighted the importance of considering issues such as instability in the supply of electricity and fuel for infrastructure in marine transport to and from Africa and inland logistics, geopolitical risks, and uncertainties in systems.

・'LNG Powerships and Logistics Innovation for Africa's Sustainable Growth' (hosted by MOL, August 20)
MOL Managing Executive Officer Tatsuro Watanabe, responsible for Europe and Africa, and five executives responsible for business development in Africa, took the stage to introduce MOL initiatives. In Africa, where population growth and urbanization are progressing, and where inadequate power infrastructure and climate change response are issues, MOL Group has proposed a responsive power and fuel supply model that combines LNG powerships and logistics. By leveraging the development of port and transportation infrastructure alongside group synergies, MOL Group aims to establish itself as a social infrastructure company that fosters sustainable growth in Africa, with future plans to embrace renewable energy and green fuels.

・'Co-Creating the Future of Healthcare and the Economy: Japan-Africa Public-Private Partnerships at the Forefront" (hosted by the Cabinet Office and Cabinet Secretariat, August 20)
MOL Logistics, Co., Ltd. Chairman Koichi Yashima took the stage and introduced the African healthcare logistics hub concept the company is jointly developing with Revital Healthcare (EPZ) Limited ^{(Note 2)} in the Dongo Kundu Special Economic Zone at the Port of Mombasa, Kenya. Considering that many of the medical kits and medicines needed in Africa are packaged and delivered from Europe and the Middle East, and the challenges posed by fragmented and inefficient distribution, the companies are planning to build a logistics center in the special economic zone. They aim to reduce logistics costs, shorten delivery times, and reduce dependence on global supply routes by joining forces to assemble medical kits, implement logistics, and manage warehouses.

・Panel discussion on 'GH2 off-taking and industrialization' (hosted by the African Development Bank, August 21)
MOL Senior Managing Executive Officer Hisashi Umemura took the stage to introduce MOL projects and discuss the outlook for utilization of green hydrogen. He also explored the potential of green hydrogen in Africa, and covered issues related to project formation and development of off-take systems, and their respective solutions.

・Seminar: 'Japan-Africa Co-Creation Driven by Japanese Startups: Unlocking New Markets through Partnership with Major Corporations' (hosted by Shukuru Cube Japan, August 22)
MOL Chief Sustainability Officer Toru Hikima introduced the concept of "solar refrigeration × processing and export × digital kiosk model" in Senegal, which is supported by MOL. He also highlighted the potential for Japanese startups and major companies to collaborate in reducing food waste and fostering sustainable industries in Africa.

<List of MOL Group-signed MOU>

During TICAD 9, the MOL Group signed MOUs for the following five projects related to Africa. The group will continue to pursue business expansion in Africa.

• Collaboration in automobile trade between India and Africa (Suzuki, Trade Waltz, MOL) ^{(Note 3)}
• Installation of Sharp solar panels at facilities of International Organization for Migration (IOM), international humanitarian NGO (Sharp, IOM, MOL)
• Installation of Sharp solar panels at facilities of Association for Aid and Relief, Japan, (AAR Japan), international humanitarian NGO (Sharp, AAR, MOL)
• Joint development and promotion of infrastructure projects in Africa (Alistair Group ^{(Note 4)}, MOL)
• Healthcare logistics development in Kenya (Revital Healthcare, MOL Logistics)

MOL has offered marine transport services to and from Africa for nearly a century since launching Japan's first liner route linking Japan and the east coast of Africa in 1926. In recent years, MOL has established offices in four countries: South Africa, Mozambique, Kenya, and Mauritius. MOL Group is active in a variety of businesses, including land transport, warehousing, human capital consulting, and investment in startups, as well as marine transport.
MOL Group has set forth developing and expanding new non-shipping businesses, such as logistics operations, in emerging countries and regions, including Africa, in the portfolio strategy and regional strategy of its "BLUE ACTION 2035" management plan. The group will utilize the results of this event to promote ongoing business activities in Africa.

(Note 1) TICAD: Tokyo International Conference on African Development, an international conference on the theme of development in Africa. Since 1993, it has been hosted by the Japanese government in collaboration with the United Nations, the United Nations Development Programme (UNDP), the World Bank, and the African Union Commission (AUC).

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(Note 2) Revital (Chairman: Dr. Rajni Vora; Headquarters: Mombasa, Republic of Kenya) is a leading African manufacturer of medical supplies and related products, with its headquarters and factory located in the export processing zone of Mombasa, Kenya's second largest city. The company manufactures 58 types of medical supplies and related products, including syringes, blood collection tubes, rapid test kits for COVID-19, malaria, HIV, and other diseases, and blood transfusion equipment. Revital has received certifications from various organizations such as the International Organization for Standardization (ISO) and the World Health Organization (WHO) and has been recommended by international organizations such as the United States Agency for International Development (USAID), the Bill & Melinda Gates Foundation, and the United Nations Children's Fund (UNICEF), as well as various government agencies.
For details on MOL's collaboration with Revital, please refer to the January 18, 2024, press release: MOL, MLG to Form Strategic Alliance with Revital Healthcare, Kenya's Leading Medical Supplies Manufacturer - Eyeing Establishment of Healthcare Logistics Center in Mombasa Special Economic Zone -

(Note 3) Please refer to the August 21, 2025, press release: MOL, TradeWaltz and Suzuki Sign MOU for Cooperation on the Collaboration in Automobile Trade between India and Africa - MOU announced at the TICAD 9 - | Mitsui O.S.K. Lines

(Note 4) Alistair Group (President: Alistair James, Headquarters: South Africa and Tanzania) is a company engaged in cross-border logistics in sub-Saharan Africa. The group has offices in eight countries in Southeast Africa. Its business centers on cross-border logistics services for truck transport of copper, cobalt, and other critical mineral resources from production areas in the Democratic Republic of Congo and Zambia in inland Africa to coastal export ports. Its services also include customs clearance, warehouse operations, cargo handling at ports, and logistics digital transformation (DX) services. The group has a fleet of about 450 trucks and about 1,000 employees.
For collaboration of MOL and Alistair, please refer to the June 27, 2024, press release: MOL to Take Equity Stake in Alistair Group, A Leading Logistics Company in Sub-Saharan Africa - Strengthening Logistics Services in Africa -

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MOL Group 5 Sustainability Issues
MOL Group identifies "Sustainability Issues" (Materiality) as our key issues for sustainable growth with society through realization of the Group Vision.
We anticipate this initiative to contribute especially to the realization of "Environment -Conservation for Marine and global environment-", "Human & Community -Contributing to the growth and development of people and communities-", and "Innovation -Innovation for development in marine technology-".