On 1st November, South Korea’s Vision Group, under the leadership of Chairman Dae-Yong Han, and Liberia’s Tuma Enterprises, headed by CEO Arnold H. Badio, signed a Memorandum of Understanding (MOU) to enhance global cooperation. This partnership aims to integrate their expertise, developing innovative business models that drive growth in Africa and beyond.
Vision Group, a technology-driven platform company, is recognised for its expertise in app development, AI-powered smart farming, telecommunications, and renewable energy. With an extensive global footprint, including offices in India, China, Russia, Vietnam, Europe, and the Middle East, the company has built a strong network of partnerships. The collaboration with Tuma Enterprises marks an important step in Vision Group’s efforts to expand its operations in Africa.
Tuma Enterprises, a Liberian technology pioneer with offices in Sierra Leone, Ghana, Kenya, and the United States, is at the forefront of smartphone technology, electric vehicles, and blockchain innovation. The company has already revolutionised Liberia’s smartphone market by making high-quality devices affordable. By partnering with Vision Group, Tuma Enterprises will scale up smartphone production to meet the growing demand for digital connectivity across Africa.
The two companies aim to produce affordable smartphones with features tailored to African consumers, such as extended battery life, compatibility with low-speed networks, and enhanced security. These smartphones will address the needs of both urban and rural populations, contributing to a significant increase in smartphone usage and bridging the digital divide.
In addition, the partnership will focus on building a local distribution network and after-sales service centres, providing jobs and boosting local economies. This initiative will offer technical support and improve customer service, ensuring African consumers enjoy reliable access to digital tools and services.
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In the electric vehicle sector, Tuma Enterprises is developing custom EV models adapted to the local road conditions and infrastructure, leading the way for eco-friendly transportation. Under this MOU, Vision Group and Tuma Enterprises will work together to build electric vehicle infrastructure, including charging stations and related service networks, to meet EV demand in Liberia and nearby countries. By integrating Vision Group’s AI and telecommunications technologies, the partnership also aims to optimize EV performance and explore the development of autonomous driving systems within smart cities.
Smart city development represents another major area of collaboration in this partnership. Vision Group’s expertise in AI-based resource management and IoT technology, combined with Tuma Enterprises’ EV and blockchain capabilities, will provide a model for urban development across Africa. The MOU includes plans to address Africa’s energy shortage by establishing solar and tidal power plants, promoting sustainable development with reliable energy sources to power these smart cities.
Vision Group and Tuma Enterprises will jointly explore potential projects involving platform business integration and advanced technologies, such as AI-driven smart farming, expanded EV and renewable energy infrastructure, and smart city initiatives. The companies also plan to promote cross-border technological and personnel exchanges to increase future collaborations with other global partners, creating a sustainable future through a shared vision.
Vision Group Chairman Dae-Yong Han commented, “This collaboration with Tuma Enterprises is an important opportunity for Vision Group to expand its platform and technology into the African market. We will continue to provide tailored solutions that meet local needs, leading the growth of Africa’s technology industry in partnership with Tuma Enterprises.”
With this MOU, both companies are expected to broaden their cooperation in forward-looking industries such as smartphones, electric vehicles, and AI technologies. The potential synergy between Vision Group and Tuma Enterprises promises to bring positive transformation across Africa.