Press release
1st Jul, 2022
Olam Agri, IFC Loan Set to Strengthen Global Food Security for Over 40 Million People in Emerging Markets
Singapore
A new loan to Olam Agri, one of the world’s leading agribusinesses, will support the delivery of millions of tons of staple foods to developing countries, potentially feeding over 40 million people at a time of heightened food insecurity around the world.
The International Finance Corporation (IFC), the largest global development institution focused on the private sector in emerging markets, has agreed to provide a loan of up to US$200 million to Olam Agri, the food, feed, and fiber agribusiness subsidiary of Singapore-based Olam Group.
The loan will be used to finance the purchase of wheat, maize, and soy from Canada, Germany, Latvia, Lithuania, and the United States for delivery to the company’s processing operations and customers in developing countries that rely heavily on imports of these staple foods. These include Bangladesh, Cameroon, Chad, Egypt, Ghana, India, Indonesia, Nigeria, Pakistan, Senegal, Thailand, and Turkey.
The project is part of IFC’s gl
News
1st Jul, 2022
Olam Agri – A dependable partner in Cameroon’s Food Security Agenda
Olam’s rich history and deep understanding of Africa stretches over the past 30 years. Why Africa, one may ask? Africa is fast-moving from subsistence agriculture to a more intensified form of agriculture capable of feeding the world. A case study for better scope into Olam’s activities in Africa is Cameroon. Over the past 27 years, the company has been a stalwart partner in the country, working closely with the authorities, industry, and farming communities in Cameroon to help in the socio-economic development of the country.
In 2020, Olam announced a re-organisation which saw the creation of two distinct operating, ofi and Olam Agri. The latter is driven by its purpose to transform food, feed, and fibre for a more sustainable future. Olam Agri’s products include grains & oilseeds, animal feed & protein, rice, edible oils, specialty grains & seeds, cotton, wood products, rubber, and commodity financial services.
Olam Agri remains steadfast in its commitment to Africa a
Blog
25th Jan, 2022
Home Maker To Home Builder – The Journey Of Women Building Houses In The Republic Of Congo
For 23 women from the village of Pokola, in Republic of Congo, this year's International Women's Day will be remembered as the beginning of an unprecedented journey. They committed themselves towards a livelihood they could never otherwise have imagined – and along the way, educating their husbands, families and future co-workers on equality and empowerment.
Launched on March 8, 2021, Project MaC - 'Menagere a Constructrice' or 'Home Maker to Home Builder' allowed women in the north of the Republic of Congo to develop skills for constructing wooden houses, enabling them to secure roles with Congolaise Industrielle des Bois. The success of this project paved the way to launch the second edition on August 8, 2021. It was a moment of rejoicing for CIB, seeing the 23 women from the first edition graduate and welcoming the new batch of 20 women for the second edition.
From 1968 until six months ago, forestry, wood and wood products operations were filled mainly by male workers at Congol
