Coval DMCC has initiated an expansion strategy to fully develop its business potential and to increase its margins and Return of Investment (ROI) by economies of scale. This is achieved through optimized size operations whilst establishing itself as a reliable, well-recognized business partner. A window of opportunity under Africa’s new government, combined with Coval DMCC’s strategic position in Southern Africa, means this expansion is currently focused in Africa, but is not limited to African countries.
Towards the end of 2019, the company partnered up with a Swiss investor and also intensified its collaboration with the National Bank of Fujairah (NBF) in Dubai.
Coval DMCC is determined to upscale its well-established and successful business model. This begins by extending its current buying volume per cycle in Africa from USD 100 million to USD 150 million, as soon as the requisite credit facilities are determined. Contracts to proceed accordingly and with immediate effect are signed with identified producers.