In August 2019, Titan Global was involved with the Indonesia-Africa Infrastructure Dialogue (IAID) which was the follow-up edition of the inaugural Indonesia-Africa Forum held in Bali in April 2018. During the event, Titan inked deals with several State-Owned Enterprises (SOEs) to help them with African market analysis and engaging with private and state-owned companies in Africa.
Titan Global, in collaboration with TSG Global Holdings, via its Indonesian subsidiary TSG Utama Indonesia, would jointly engage with both the government of DRC as well as Indonesia to assist stakeholders from both countries to jointly source for and develop investment opportunities in both countries, especially in the infrastructure sector.
At the moment, Titan Global is working with 6 Indonesian SOEs to gain a foothold in the fast-growing African market:
1) PT Wijaya Karya (Persero) Tbk
2) PT Dirgantara Indonesia (Persero)
3) PT Industri Kereta API (Persero)
4) PT Merpati Nusantara Airlines
5) PT Len Industri (Persero)
6) PT Barata Indonesia (Persero)
In January 2020, Titan Global organised a milestone visit to Jakarta Indonesia together with its partner TSG Global Holdings, at the invitation of Mr Gatot Trihargo, the ex-Deputy for Financial Services at the Ministry for SOEs.
During the trip, TSG Global signed deals with 10 SOEs and private companies to bring them to Africa, beginning with the Democratic Republic of Congo.
Among the deals signed was a revitalisation plan for PT Merpati Nusantara Airlines to establish an aviation hub in DRC to serve the African markets.
Also significant is a deal between TSG Global Holdings and PT Wijaya Karya to help Indonesian's top builder to grow their African presence.
In August 2020, at the invitation of the governor of Kinshasa, Titan Global and its Indonesian partner TSG Utama Indonesia, jointly organised a delegation comprising of top officials and technical teams from 5 Indonesian State-Owned Enterprises (SOEs) to visit Kinshasa, with the highlight being the groundbreaking ceremony for a 600MW solar PV project in Menkao Kinshasa, which is the cornerstone project to be undertaken jointly by a consortium of Indonesian SOEs.
During the visit, several MOUs were signed between the Indonesian delegation and the DRC government, covering areas which include maritime, air and road transportation, food security, agriculture, telecommunications and technology.
All the projects which will be undertaken by TSG Global Holdings and its affiliates will be structured and financed by Titan Global.