Press release
12th Mar, 2024
ofi secures US$500 million SACE-backed 5 and 7 year financing
Singapore
Olam Group Limited (“Olam Group”) announced today that its wholly owned subsidiary, olam food ingredients (“ofi”), a global leader in naturally good food & beverage ingredients, has secured its inaugural Export Credit Agency (ECA) linked financing aggregating US$500 million. The multi-tranche, dual-currency facility (the “Facility”) comprises of a 5-year US$250 million tranche and a 7-year JPY37.38 billion tranche (~US$250 million). The Facility is backed by SACE, the Italian Export Credit Agency.
Rishi Kalra, Executive Director and Group CFO of ofi said:
“This is a landmark facility – being ofi’s first ECA backed loan and SACE’s first “Samurai” JPY loan. This transaction forms a part of our financing strategy to diversify sources of capital and extend our debt maturity. We are pleased to support SACE’s ‘Push Strategy1’ and look forward to enhancing our engagement with Italian customers and suppliers.”
The Facility has Olam Treasury P
News
9th Nov, 2023
Olam Agri and Nutrifoods Support Akosombo Flood Victims
Olam Agri, the country’s leading supply chain manager in agri-commodity, and its sister company, Nutrifoods, a top food manufacturer in Ghana, on Friday, presented a consignment of relief items to flood victims of the Akosombo Dam spillage.
In mid-October, the Volta River Authority (VRA) began spilling water from the Akosombo reservoir to protect the dam from overtopping.
The influx of large volumes of water has raised levels, causing excessive flooding in several low-lying areas along the Volta River, including, but not limited to, Mepe, Battor, Sogakope, Mafi, Adidome, and Ada.
Blog
8th Mar, 2023
Empowering Women in Farming with Equity
When you picture a farmer today, is a woman the first image that comes to mind? Probably not. Yet today, in farming communities all around the world, women are a significant driving force. According to estimates from the UN FAO, women farmers represent 43%1 of the global agricultural workforce and make up 60% of agricultural workers in Asia and sub-Saharan Africa. Yet, many women still face significant hurdles and discrimination when it comes to land ownership, and access to financial services and resources.
Ensuring women farmers are successful is not only key to improving livelihoods for them and their families, but is essential to strengthening global food security and nutrition. To succeed, women farmers must have the same opportunities as men to access training, inputs, finance and support.
How is Olam Agri supporting women in farming?
Our strong presence in Africa and Asia is enabling us to drive equity, promote inclusive growth and reduce inequalities in the communities where