Nigerian logistics tycoon Taiwo Afolabi maps SIFAX expansion across West Africa with rahim66

SIFAX Group, the multinational conglomerate led by Nigerian logistics tycoon Taiwo Afolabi, is beginning the 2026 business year with a clear focus on execution, setting out plans that lean on technology, operational discipline and a broader push across West Africa.

Afolabi said the group would build on its 2025 performance while sharpening priorities around innovation, sustainability and collaboration across its businesses. The message served both as a review of a demanding year and a practical outline of what comes next.

Tech-led growth amid trade pressures

At the center of the plan is what Afolabi described as “growth through innovation,” with attention on improving how the group runs its logistics, maritime and financial services units. He said SIFAX would continue investing in technology that improves efficiency, lowers costs and strengthens service delivery, while expanding the use of cleaner energy across operations.

“Our focus this year is on integrating technology more deeply across the group, improving operational standards and expanding our presence in West Africa, particularly through our financial services businesses,” Afolabi said. He added that the company remains committed to building a business known for reliability, ethical conduct and long-term value.

The strategy reflects lessons from 2025, a year marked by economic pressure, regulatory changes and uncertainty in global trade. Despite those challenges, SIFAX recorded progress across several units, thus reinforcing management’s confidence heading into 2026.

Afolabi grows SIFAX across trade sectors

Afolabi’s approach is shaped by decades in the industry. He began his career at Nigerian Express Agencies Limited, where he worked in shipping operations and port management before studying shipping management. After returning to NEAL and rising to head of operations, he launched SIFAX Group in 1988 with the aim of boosting Nigeria’s maritime sector.

Since then, the group has expanded into aviation, oil and gas, logistics and hospitality, with operations in Ghana, South Africa, the United States, Belgium and the United Kingdom, and new ventures under development in Djibouti and Equatorial Guinea. A turning point came with the acquisition of aviation ground handler SAHCO through Nigeria’s privatization program, marking SIFAX’s entry into aviation services.

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