|Approval Date||26 Jun 2013|
|Signature Date||15 Dec 2016|
|Sovereign / Non-Sovereign||Non Sovereign|
|Sector||Agriculture and Rural Development|
|DAC Sector Code||32161|
OLAM Africa Investment Program aims to consolidate the integration of OLAM Group’s agricultural value chain, via investments in processing of wheat and palm oil in Africa. It's a USD 250 million investment program which includes five sub-projects in four African countries: Mozambique, Ghana, Cameroon and Senegal. This program will create processing capacity of 600,000 tons/annum, along with matching distribution capacity. It will also contribute to economic growth in the participating countries, generate employment and strengthen local market linkages with the global supply chain, strengthening regional food supply chains thereby promoting regional integration and trade. As part of this investment program in Africa OLAM Group plans to carry out agro-processing and supply chain expansion projects in Mozambique, Ghana, Cameroon, and Senegal. OAIP program as part of value chain will create 600,000 tons/annum of additional processing capacity, 1 million ton of palm oil supply chain with matching infrastructure, regional food supply chain.
The objective of the project is to invest into supply chain expansion projects of OLAM Group Africa Operations resulting in increased economic and social wellbeing, improved food security and enhanced trade linkages.
The beneficiaries of the program are the populations of the four countries: Mozambique, Ghana, Cameroon and Senegal. The program will create 8500 direct and indirect employment opportunities (25% for women) in upstream, sourcing, direct employment and distribution.
African Development Bank
|Last Update||15 Jun 2021|