•Inside His Billion Dollar Empire
Dr Taiwo Afolabi is the Group Managing Director of SIFAX Group with head office at 54 Warehouse Road, Apapa, in Lagos. He has offices in Tema, Ghana and Houston in the USA.
This slim built lawyer sits atop over 10 big-ticket companies and many more are springing up by the day. Though he is into Hospitality, Property, Aviation, Oil & Gas business, where he plays Big is in the Maritime world. SIFAX Group has the following subsidiaries. Ports & Cargo Handling Services Ltd, Skyway Aviation Handling Co. Ltd (SAHCOL), SIFAX Offdock Nig. Ltd, SIFAX Shipping Company Ltd, SIFAX Haulage & Logistics Co. Ltd, SIFAX Clearing & Forwarding Ltd, SIFAX Oil & Gas Ltd and SIFAX Logistics & Marine Services and many more.
Below is a breakdown of what each subsidiary does.
PORTS & CARGO HANDLING SERVICES LIMITED
Ports and Cargo Handling Services is the port operations arm of SIFAX Group. The company is managed by a team of tested professionals, expatriates and Nigerians with a proven track record of achievements; working with a cream of well trained and motivated staff to ensure that the goals of the organization are met.
Our aim is to enhance and consolidate our position as a leader in global port operations and related services on the West African Coast. With efficient operational schemes and standards, we work tirelessly to maintain international recognition for our mark of quality service and customer satisfaction.
SKYWAY AVIATION HANDLING COMPANY PLC
Skyway Aviation Handling Company (SAHCO) Plc is a publicly quoted company on the Nigerian Stock Exchange. It is incorporated as an aviation ground handling service provider under the Nigerian Company & Allied Matters Act of 1990. SAHCO, which was formerly known as Skypower Aviation Handling Company Limited before it was privatized and handed over to the SIFAX Group on December 23, 2009, was carved out of the defunct Nigeria Airways as part of the Nigerian government’s Ministry of Aviation reform of 1996.
SIFAX OFF DOCK NIGERIA LIMITED
SIFAX Off Dock Nigeria Limited operates the flagship off-dock facilities of the Group. With the terminal located within two minutes drive from both the Apapa and Tin Can Island Ports, SIFAX Off Dock Limited is strategically located and accessible to the major ports from where it easily receives cargo as a temporary hold and provides an easy exit for custom-cleared cargoes to any part of the country. The enormous capacity of the facility has immensely supported the speedy decongestion of cargoes from the main ports in Lagos.
SIFAX LOGISTICS SERVICES LIMITED
SIFAX Logistics Limited offers its global clientele complimentary, quality and unique one-stop logistics services. The company’s bouquet of services includes Haulage, Clearing and Forwarding, Import & Export, Warehousing, Groupage and Pack & Removal. With a crop of well-motivated and experienced workforce, SIFAX Logistics Limited has become a force to be reckoned with going by the quality of service enjoyed by discerning clients that it services both locally and internationally.
The company has taken advantage of the global network of the Group to expand its logistics operations into the whole of the West African sub-region. The company operates a large fleet of functional trucks equipped with relevant cargo security devices, communications and tracking systems to monitor cargo movement on transit. We also deploy valid Goods-in-Transit insurance for all categories of cargo to completely secure our clients’ consignments.
SIFAX SHIPPING COMPANY LIMITED
SIFAX Shipping Limited operates the Group’s bonded terminals. Some of these bonded terminals are located at Okota and Apapa as well as an empty container depot at Ijora, all in Lagos. These terminals provide excellent and seamless options for importers and other port users to store and move their consignments. The terminals have helped to decongest the main ports complemented by the expertise of our well-trained workforce which has aided fast delivery of consignments too.
The company’s services include bonded container terminal operations, bonded warehousing services, Customs Agency/Clearing and forwarding, Container Traffic Agency, Export Agency/Consultancy, Heavy lifting transportation and many others.
SIFAX MARINE LIMITED
SIFAX Marine Limited was established solely as a vehicle for the growth and maximization of Nigeria local content participation. SIFAX Marine Limited is a 100% owned Nigerian company and a provider of special transportation with respect to offshore support services, marine vessel transportation, towage and other related marine services to both offshore and onshore oil terminals in Nigeria and the West African region. The company specializes in the provision of high-quality marine support solutions putting safety and the environment at the forefront.
SIFAX NIGERIA LIMITED
SIFAX Nigeria Limited is a holistic service provider company with expertise cutting across trade, marketing, global merchant representative, engineering services, project consulting services and many more.
One of the flagship services the company provides is stevedoring. It operates a dynamic pool of well-trained dockworkers who are experts in the loading and discharge of a wide range of cargoes. The company has well trained technical staff in its arsenal that effectively operate heavy-duty cranes, forklifts as well as other cargo-handling equipment.
SIFAX Nigeria Limited handles the stevedoring activities for one of the group’s subsidiaries, Ports & Cargo Handling Services Limited. Its excellent performance has contributed significantly to the high rating of Ports & Cargo terminal in terms of quality service, especially quick vessel turnaround.
MAC FOLLY HOSPITALITY
Mac-Folly Hospitality prides itself as a giant leader in the hospitality industry in Nigeria. Over the years, it has expanded its capacity to deliver solutions to hotel services, leisure suites, residential buildings, beer and spirit merchants, brewers, distillers and many more.
Since its incorporation in 2013, Mac Folly has provided cutting-edge services to customers and clients in the country’s hospitality industry. Its major strength lies in its ability to provide bespoke solutions, taking into considerations the peculiar needs of each client.
It has handled diverse hospitality projects in Nigeria and is currently working on its flagship project which is the franchised global hotel brand, Marriot Hotel, which is nearing completion at the serene Ikeja GRA, Lagos. When completed, the hotel will provide world-class hospitality services that the brand is known for globally.
OCEAN & CARGO TERMINAL SERVICES LIMITED
Ocean & Cargo Terminal Services Limited manages Terminal B, Warri Old Port. Its emergence was born out of the desire of the Federal Government of Nigeria to revamp port operations in the country. It emerged as the preferred bidder and eventual winner of a competitive bidding process which was conducted by the Bureau of Public Enterprise, Infrastructure Concession Regulatory Commission and the Nigerian Ports Authority between 2017 and 2019.
The terminal is a multi-purpose terminal and has the capacity to handle all kinds of cargoes ranging from bulk/general cargo carriers, container, RoRo and wet cargoes. It has the capacity to handle and accommodate 12,000 TEUs and a warehouse capacity of about 4000sqm.
Ocean & Cargo Terminal Services Limited is set to completely change the face of port terminal management in Eastern Nigeria. It aims to massively invest in modern and functional cargo handling equipment as well as the provision of other infrastructures at the terminal.
SKY CAPITAL & FINANCIAL ALLIED INT’L LIMITED
Sky Capital and Financial Allied Int’l Ltd is the financial services arm of SIFAX Group. It was established as an investment firm to offer wealth creation opportunities through a unique blend of traditional investment management and alternative investment services. We enable businesses to thrive and help our clients to maximize their returns whilst realizing their most important goals.
Sky Capital is poised to become a company uniquely equipped to achieve set out objectives and be reputable for quality research, investment expertise and value-added services with an excellent customer-centric approach to clients locally and internationally. Our hallmark is to strategically position ourselves to take advantage of growth opportunities within Africa and major international markets on behalf of our clients. Our team of professionals with expertise in investment management are instrumental to business growth and establishing cordial relationships with our clients whilst attracting and retaining quality clientele.
SIFAX GLOBAL SHIPPING AND LOGISTICS
SIFAX Global Shipping and Logistics company is the international shipping and logistics arm of SIFAX Group. With an office located in Houston, Texas, United States of America, the company offers project logistics, air freight, air charter, Ocean/sea freight, transportation, warehousing, export packaging, procurement/ supply chain to a global clientele.
The company also offers vehicle booking and cargo pick up from any location within America, Europe and other parts of the world. SIFAX Global is armed with the mission of changing the face of global shipping and logistics.