Olam Agri to invest $400 million in African expansion

Olam Agri has announced a plan to invest approximately $400 million in Africa by 2028, with a primary focus on West Africa. The investment program aims to target poultry and fish feed production, grain processing, flour milling, and pasta manufacturing.

In Nigeria, the company has broken ground on a $70 million integrated animal feed plant in Ogwashi-Uku, Delta State. Expected to begin operations in 2027, the facility will include a poultry feed plant with a daily capacity of 1,500 tons, an aquaculture feed plant producing 300 tons per day, and silo-bag storage capacity of 125,000 tons. This project is intended to improve feed availability and reduce transport distances for farmers in southern and southeastern Nigeria.

Further expansion plans include establishing feed plants in Cameroon and Côte d’Ivoire, as well as in Ghana. These facilities are expected to purchase over 500,000 tons of corn and soybeans annually from more than 130,000 smallholder farmers.