The Saudi-backed agricultural commodity trading company Olam Agri intends to increase its investments in food supply chains in Africa. The company plans to spend about $400 million in countries including Nigeria and the Ivory Coast by 2028. The company aims to benefit from the change in dietary patterns on the continent towards more meat and processed food products. These investments are added to the approximately 115 million dollars that the company has previously poured into treatment operations in West Africa since 2024. The new plants will purchase more than 500,000 tons of corn and soybeans every year. Details:

The Saudi-backed agricultural commodity trading company Olam Agri intends to increase its investments in food supply chains in Africa. The company plans to spend about $400 million in countries including Nigeria and the Ivory Coast by 2028. The company aims to benefit from the change in dietary patterns on the continent towards more meat and processed food products. These investments are added to the approximately 115 million dollars that the company has previously poured into treatment operations in West Africa since 2024. The new plants will purchase more than 500,000 tons of corn and soybeans every year. Details: