By FRANKLIN ALLI

Turkish companies are seeking to expand their investments in Nigeria and other African countries through franchising. Accordingly, a Memorandum of Understanding (MoU) has been signed between Soysal, to link business interest in Nigeria and other West Africa countries interested in doing business in Turkey or Turkish businessmen who are interested in establishing business presence in Nigeria, and other Africa countries.

Soysal is a Turkish training and consultancy company and convener of Retail days (Conferences) while Bervidson International Limited is a member of Bervidson Group, one of the training and consultancy group in West Africa.

Mr. Joseph Ebata, CEO, Bervidson, signed on behalf of his company while Mr. Suat Soysat, CEO Soysal Ltd, signed on behalf of his organization.

According to the agreement, Bervidson will facilitate the process of engagement of Nigerian companies and senior individuals with Turkish companies seeking to establish their presence in retail and retail related industries in Nigeria and other African countries through partnership or franchising, as well as facilitate the process of direct investment of Turkish companies in retail and retail related industries in Nigeria and other African countries.

On the other hand, Soysal will facilitate introductions of companies and senior individuals within the retail sector, through its long established network of retail and retail related industries, fast moving consumer goods, FMCG producers and clothes manufacturers’ contacts in Turkey to Bervidson.

The MoU further stated that where possible or whenever potential relationships or projects are identified, so that Bervidson can be introduced and promoted as finding/being master franchisee/partner and/or consultancy for Nigeria and other African Countries where Bervidson can give these services.