News
Olam to invest in Nigeria paddy, wheat milling
Singapore commodities firm Olam International Ltd, whose businesses include processing agricultural products and food ingredients, said on Friday it will invest about $50 million to expand its wheat milling capacity in Nigeria. Olam, whose shareholders include Singapore state investor Temasek, said in a separate statement dated Thursday that it will invest $49.2 million to set up a 6,000 hectare greenfield paddy farming and rice milling facility in Nigeria.
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