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Project Summary Note - Multinational - OLAM AFRICA INVESTMENT PROGRAM (OAIP II)
Consistent with the leveraging and crowding in approach through large corporates to deliver on the Feed Africa and Industrialize Africa mandates, a USD 107 million corporate loan has been approved to finance part of OLAM’s operations in Africa. This is part of a USD 200 million investment program (OAIP II) that covers two sub-projects, one for creation of industrial scale palm oil refineries in Central and/or West Africa and another for development of 600,000 tons per annum of high quality poultry and fish feed mills in Nigeria. The program will further consolidate OLAM Group’s agricultural value chains on the continent.