Olam Agri plans to build a third animal feed plant in Nigeria, producing poultry and fish feed, expand its semolina capacity and add 850 trucks to its fleet in the country, the agricultural trader said on November 4, as reported by Nairametrics. The projects form part of about $400mn it intends to invest in African food processing through 2028.
Analysis: The new plan is about three and a half times the roughly $115mn Olam Agri says it has invested in West African processing since 2024, by our calculation. At full capacity, the feed mills planned for Nigeria, Cameroon and Ivory Coast are expected to buy more than 500,000 metric tons of corn and soybeans a year from over 130,000 smallholders. That would add a large buyer to local grain markets. The company did not say how much of the $400mn goes to Nigeria or when the Nigerian plant will open. Its 300,000-ton Cameroon poultry feed plant is due in early 2028.
Source: Olam Agri, Olam Agri statement, November 4, 2026, as reported by Nairametrics, 2026-2028 and 2024-2026 and At full capacity