Olam International to invest CFA F 4.5 billion to boost Togo’s cotton
The background information from Jeune Afrique Business+.
16/06/2021 at 16h55, by Africa Business+
As a 51% shareholder in the New Cotton Company of Togo (NSCT), Olam International plans to invest CFA F 4.5 billion to boost the sector, which recorded production of 67,000 tonnes during the previous campaign (2020-2021) against 116,000 tonnes in 2019, according to Jeune Afrique Business+ sources.
Recommended articles
Agribusiness
19/12/2022 at 16h12, by Africa Business+
Olam Agri-SALIC deal : financial close imminent
The acquisition of 35.4% of Olam Agri by the Saudi Agricultural and Livestock Investment Co (SALIC)...
News
18/11/2021 at 17h13, by Africa Business+
Red River Foods invests $44 million in cashew processing in West Africa
The investment includes the construction of a plant in Côte d’Ivoire and increasing the supply of nuts...
Construction & Infrastructure
29/10/2021 at 15h01, by Africa Business+
Lomé secures US$120 million financing from World Bank
The funding is intended for the rehabilitation of road infrastructure, which is strategic for the entire...
Development Bank
03/09/2021 at 16h56, by Africa Business+
Jeanne Ngname Bougonou at the helm of the Millennium Challenge Account Implementation Agency in Togo
While the country is still in the process of being integrated into the Millennium Challenge Compact...
Agribusiness
23/08/2021 at 14h03, by Africa Business+
A new cotton ginning plant in the pipeline for CIDT
After successfully getting the company off the ground, the management intends to continue its momentum...
Agri-food industry
21/07/2021 at 19h47, by Africa Business+
Olam recalibrates its Ivorian cocoa subsidiary
The group is very active in the country and has decided to triple the capital of its cocoa division.