The interest of Olam, a giant in the trading of agricultural raw materials, for Côte d’Ivoire is undeniable. Olam Agri, its subsidiary dedicated to agro-industrial activities, indicated want to invest 100 billion CFA francs (approximately 150 million euros) over the next three years, to increase its local cotton and rubber processing capacities.
The announcement came on the sidelines of a meeting organized at the end of September in Abidjan, between the Ivorian Prime Minister Patrick Achi and Neelamani Muthukumar, former director financier of Olam, who has become boss of Olam Agri since the beginning of 2022 after the global reorganization of the Singaporean group’s activities. An interview in which Partheeban Theodore also participated, historical executive of the trading giant, and representative of Olam in Côte d’Ivoire since 2000.
Cotton: Olam pushes its pawns in West Africa
If the details of the investment have not been disclosed, on sait