Makers of Indomie, Tolaram Group to Venture into Digital Banking in Nigeria

Tolaram Group makers of popular noodle, Indomie is planning to leverage its African distribution network to launch into Digital Banking. Founded by a Singaporean family, the Tolaram Group has grown to become a $1.8 billion empire through the production of fast moving consumer goods (FMCG) like Indomie noodles, Power Oil, Power Pasta, Hypo Bleach, and Dano Milk. The group is now looking towards the burgeoning fintech market in Africa. According to Bloomberg, the group is looking at markets in Nigeria, Ghana, South Africa, and Egypt. Growing digital banking in Africa…

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