Olam Agri plans to invest about $400 million in Africa’s food and feed processing sector through 2028, including the establishment of new animal feed mills in Nigeria, Cameroon and Ivory Coast, as the agricultural commodities trader expands its operations across the continent.
The company disclosed this in a statement on Wednesday, November 4, 2026, outlining plans to expand food and feed processing capacity in response to rising demand for processed foods and animal protein.
The investment will also support increased grain processing, wheat milling and pasta production across selected African markets, building on approximately $115 million invested in West African processing operations since 2024.
According to Olam Agri, the investment is expected to capitalise on Africa’s growing population, rising incomes and changing dietary preferences, which are driving demand for food, meat, fish and other sources of animal protein.
“Populations are growing, incomes are rising and diets are changing. Demand for food, feed and protein will keep climbing,” said Saurabh Mehra, Olam’s head of food and feed processing.
In Nigeria, the company plans to establish a third animal feed plant to increase poultry and fish feed production. It also intends to expand its semolina production capacity and add 850 trucks to its distribution fleet to strengthen product delivery nationwide.
In Cameroon, Olam Agri plans to establish a 300,000-tonne poultry feed plant, which is expected to commence operations in early 2028.
The investment will also support the expansion of the company’s pasta production capacity in Ghana.
In Ivory Coast, Olam Agri plans to enter the food and feed processing market for the first time through investments in wheat milling, animal feed production and poultry breeding.
The company is also exploring expansion opportunities in southern African markets, including Angola.
Mehra said the investment would expand local processing capacity, support government priorities on value addition and strengthen food security across the continent.
At full capacity, the new feed mills planned for Nigeria, Cameroon and Ivory Coast are expected to generate annual purchases of more than 500,000 tonnes of corn and soybeans from over 130,000 smallholder farmers.
Olam Agri’s planned investment comes as Nigeria steps up efforts to increase domestic agricultural production, expand food processing and reduce dependence on imported food commodities.
In October 2026, the Federal Government disclosed that Nigeria’s annual wheat production had increased from about 120,000 metric tonnes to 420,000 metric tonnes following the implementation of the National Agricultural Growth Scheme and Agro-Pocket (NAGS-AP).
The development followed the launch of the 2025/2026 dry-season wheat farming initiative under NAGS-AP in November 2025.
The initiative targeted 80,000 registered farmers nationwide, with an expected output value of approximately ₦160 billion.