Article
Olam looking to expand in Africa
Published: 04/11/2024
After recently announcing plans
to construct a new pasta production facility and expand its wheat flour
production capacity in Ghana, Olam Agri said it is looking at further expansion
in Mozambique and other Southern Africa Development Community (SADC) countries.
Consumption of wheat-based
products in Mozambique has increased significantly over the past two decades,
almost tripling since the early 2000s, with annual wheat consumption reaching
700 000 tonnes. The country is a gateway to SADC countries as it shares a
border with Tanzania, Malawi, Zambia, Zimbabwe, South Africa, and Eswatini.
Olam Agri, which has operated in
Mozambique for the past 25 years, has a strong presence across all 11 provinces
with operations in Maputo, Beira and Nacala, where the main ports are situated.
The company is a leading distributor of edible oils and rice, and is aligned
with national efforts to improve food security. An expansion into wheat milling
and pasta production will add value to local processing capabilities, the
Singapore-based company said. – World-Grain.com