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الاقتصادية
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الاقتصادية

2026-11-04T10:34:54.125Z

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Olam's $400M Africa Plan

Olam's $400M Africa Plan

Olam Agri, a subsidiary of the Saudi Agricultural and Livestock Investment Company (SALIC), plans to invest around $400 million in African food supply chains through 2028, in countries including Nigeria, Cameroon and Côte d’Ivoire. Its plans include building animal-feed and grain-processing plants, milling wheat, and expanding pasta production in Ghana. The company has invested around $115 million in processing operations in West Africa since 2024. Once the new feed mills are operating at full capacity, they are expected to purchase more than 500,000 tonnes of maize and soybeans annually from over 130,000 smallholder farmers. The investment aims to meet growing demand for meat and processed foods while strengthening local production and food security.

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