Press release
29th May, 2023
ofi secures JPY 46 billion medium-term samurai loan facility
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 a multi-tranche medium-term samurai loan facility aggregating JPY 46 billion (the “Facility”). ofi was created in early 2020 following the announcement of the re-organisation within Olam International Limited (now Olam Group) to unlock and maximize its long-term value.
The Facility has Olam Treasury Pte Ltd as a Borrower and comprises (i) a 3-year tranche of JPY 40.5 billion, and (ii) a 5-year tranche of JPY 5.5 billion. The Facility is initially guaranteed by Olam Group which will transfer to ofi Group Limited post the planned IPO and demerger of ofi. Proceeds from the Facility will be applied towards refinancing of ofi’s existing loans and for general corporate purposes.
MUFG Bank Ltd., Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation and Development B
News
16th May, 2023
Providing Access to Clean Drinking Water in Satikran, Côte d'Ivoire
In the small village of Satikran, located about 30 km from Abengourou in the sub-prefecture of Aniassué, life is changing for the better. Olam Agri's rubber business in Côte d'Ivoire – Société Agro-Industrielle de la Comoé (SAIC) – has donated a solar water pump to the village, bringing access to clean drinking water to more than 12,000 inhabitants.
The donation is part of the Nassey program, which means "Thank You" in the local dialect and aims to show our appreciation and commitment to social development for rural communities. The solar-powered water pump will provide the community with safe and clean drinking water, something they have long struggled to access.
The donation, which was made in time for World Water Day, had Augustin Apetey, Deputy Managing Director of SAIC, expressing his joy at the pump’s impact on the community saying, "What a relief for our mothers, sisters, and daughters! So many lives to change!"
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