No.1 Grains Industry Magazine & Website for Africa & the Middle East
SINGAPORE- In spite of growing geopolitical risks and significant macroeconomic volatility in 2022, Olam Agri delivered revenue growth of 18.0% to US$36.9 billion. Olam Agri, one of three of Olam’s operating groups, accounted for the largest share of the Group’s sales volume at 89.0%, while ofi and Remaining Olam Group accounted for 8.4% and 2.6%, respectively, in 2022. This revenue…
Read More
NIGERIA – Crown Flour Mills, a subsidiary of Singapore-based commodity trading giant Olam Agri, has launched a baking academy to train and economically empower women in Nigeria. The bakery was launched under the Crown Flour Angels (CFA) initiative which aims to equip women with baking skills to help them enhance their earnings and by doing so contribute meaningfully to their…
Read More
OMAN-Sohar Flour Mills, a subsidiary of Oman Flour Mills, has inaugurated a new US$52 million grain storage facility to boost the country’s strategic grain reserve capacity. The facility with a capacity of 160,000 MT is in the Sohar Industrial Port, an essential deep-sea port lying at the center of global trade routes between Europe and Asia. The inauguration ceremony for…
Read More
SINGAPORE – Singapore commodity trader Olam Group has outlined plans to list its majority-owned agri-business subsidiary, Olam Agri Holdings, as early as the first half of 2023. As per the company’s press release, plans are underway to list its majority-owned agri-business subsidiary, Olam Agri Holdings Pte. Ltd. (“OAHPL”), which holds the Olam Agribusiness, as early as H1 2023 (the “Olam…
Read More