Olam Invests $150 Million to Boost Its Nigeria Food Business
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Olam Invests $150 Million to Boost Its Nigeria Food Business
BLOOMBERG
Posted on: September 13th 2017
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Olam International Ltd. invested $150 million in animal-feed mills and poultry farms in Nigeria as it seeks to boost its agribusiness venture in Africa’s biggest food market by population.

These include bird- and fish-feed mills with the capacity for 360,000 metric tons each, located in the northern Kaduna and western Kwara states, and a hatchery to produce 1.6 million day-old chicks weekly, the global food trader said in a statement handed to reporters Tuesday in Kaduna. Feeds produced are estimated to support the production of 8 billion eggs and 100-million kilograms of poultry a year, the Singapore-based Olam said.

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