Olam Agri is expanding its African footprint with a $400 million investment by 2028 to capture the continent’s dietary shift toward meat and processed foods. The plan includes building chicken and fish feed factories, grain processing, and wheat milling in Nigeria, Ivory Coast, Cameroon, Ghana and potentially Angola. The move taps rising urban populations, higher incomes, and growing demand for convenience staples and protein.
Olam Agri already operates wheat mills and feed plants across West Africa and will add new facilities, including a $70 million feed mill in Nigeria’s Delta State. The investment aims to boost local processing, reduce import reliance, and enhance food security while sourcing over 500,000 tons of corn and soybeans annually from smallholder farmers.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing