Multinational - OLAM Africa Investment Program


Project Summary

Approval Date 26 Jun 2013
Signature Date 15 Dec 2016
Sovereign / Non-Sovereign Non Sovereign
Sector Agriculture and Rural Development
DAC Sector Code 32161
Commitment U.A 33,315,981.26
Status Implementation

Project General Description

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.

Project Objectives

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.

Beneficiaries

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.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-Z1-AAG-004
Last Update 15 Jun 2021

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Contact Details

Email private-sector@afdb.org

Geographic Location

Country Multinational