Press release
10th Apr, 2023
Olam Group publishes its 2022 Annual Report: “Forging a Bold Future”
Singapore
Olam Group Limited (“Olam Group”) has published its 2022 Annual Report, which highlights its financial and non-financial achievements across three comprehensive components: Strategic Report, Governance Report and Financial Report.
The report details key updates and progress for the Group in 2022, including:
A strong operating performance against a record prior year despite a highly challenging and volatile macroeconomic environment, which is testament that the Group’s strategy is sound and robust
Re-organisation progress, notably the completion of a US$1.24 billion sale of a substantial minority stake in Olam Agri to SALIC1
Plans to list Olam Agri as early as H1 2023, and continued commitment to an IPO for ofi, both subject to prevailing market conditions
Significant turnaround for the gestating/continuing assets and incubating businesses under the Remaining Olam Group
Progress and contribution of non-financial capitals – Manufactured, Intellectual, Intangibl
Press release
28th Mar, 2023
Riz Bijou Awarded Best Rice Brand in Cameroon for the Second Consecutive Year
Cameroon
Olam Agri, a leading agribusiness and a major rice distributor in Cameroon, is proud to announce that ‘Riz Bijou’, one of the brands from its fragrant rice range popularly known as “Rice of the People” , has been recognised as the “Best Rice Brand” in Cameroon for the second consecutive year by (FOCACO) Fondation Camerounaise des Consommateurs, a leading consumer rights civil society organisation.
The two-step selection process involved conducting a general survey with consumers followed by a judging panel comprising industry experts. The judging criteria includes Awareness, Consumer Satisfaction, Value Addition and Distribution.
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Vice President and Business Head for Olam Agri’s rice business in Cameroon, Mr. Vibhay Singh Chauhan, said,
’’ This award is a testament to our commitment in supplying high quality rice to our consumers. Our goal as a responsible business has always been to ensure that every Cameroonian from all 10 regions of the country has access to nutr
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
20th Mar, 2023
Building a Business that Conserves Forests, One Step At a Time
“I have worked in the Congo basin for years, but nothing could have prepared me for the moment when I was just steps away from Buka, who belongs to one of the four groups of habituated silverback gorillas living in the vicinity of our forest concessions in the Congo Basin,” says Vincent Istace, Head of Corporate Responsibility & Sustainability at Congolaise Industrielle des Bois (CIB), an Olam Agri subsidiary.
Personal pictures of Paki Paki taken by Vincent Istace in 2021. © Vincent Istace
“This landscape is ideal for wildlife viewing compared to other natural forests in the area. The forest is more open, making it easier to see and spot gorillas and other wildlife. This feature has made sites such as Mondika one of the world’s most interesting spots for the study of great apes.
It may surprise some to hear that critical gorilla and chimpanzee habitats around the buffer zones of Nouabale-Ndoki National Park, are also where sustainable timber harvesting is practiced.”
Forest