Olam Agri Plans $400 Million African Food Investment
The investment would expand food and feed processing across Nigeria, Cameroon, and Ivory Coast, with completion targeted for 2028.
Updated on Nov. 5, 2026 in Agriculture
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Olam Agri has announced plans to invest $400 million in Africa's food and feed processing sector by 2028. The investment includes new animal feed mills in Nigeria, Cameroon, and Ivory Coast.
Why it matters
The planned facilities are designed to generate annual demand for more than 500,000 tonnes of locally sourced corn and soybeans once operational. The investment is expected to strengthen local value chains and reduce dependence on imported food products.
Olam Agri's planned Cameroon poultry feed plant would have an annual capacity of 300,000 tonnes, and the planned facilities together are designed to generate demand for more than 500,000 tonnes of corn and soybeans each year. Ivory Coast investments remain under consideration rather than committed.
The players
Olam Agri
Olam Agri is the agribusiness arm of Singapore-based Olam Group, a major global supplier of food, feed, and agricultural commodities.
The details
Olam Agri plans a third animal feed plant and expanded semolina production in Nigeria, plus 850 additional trucks to improve distribution there. In Cameroon, the company plans a 300,000-tonne poultry feed plant, while wheat milling, animal feed production, and poultry breeding are being considered in Ivory Coast.
Timeline
Olam Agri's $400 million African investment is targeted for completion by 2028.
Market Landscape
The investment reflects a push to build domestic feed and food processing capacity in Africa rather than rely on imported products. It positions Olam Agri to capture rising regional demand for animal protein and processed grain.
For consumers, expanded local feed and food processing could reduce reliance on imported products over time, though the source gives no retail price impact. The 2028 completion target means any effect on availability would not arrive for several years.
The takeaway
Investment in local processing capacity is one way African food systems may reduce dependence on imports as demand for animal protein grows. Observers should watch whether the Ivory Coast projects move from consideration to commitment.
Further reading
For broader context on farming and food supply, explore Agriculture coverage.
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