The financing will support a new feed mill and broiler farm, strengthening the company’s integrated poultry production capacity and local feed supply.
The proposed facility is part of a US$400 million expansion across Africa, with Olam Agri aiming to increase poultry feed production.
The proposed 60-tonne-per-day processing plant will produce soybean meal for animal feed.
The country’s ten-year poultry development strategy aims to increase egg and poultry meat production.
The developments form part of wider investment in feed manufacturing, poultry production and aquaculture, including planned soybean processing facilities and fish farming expansion.
Producers say rising feed prices and higher chick costs are squeezing farm margins, prompting calls for government support to sustain poultry production in Nigeria.
The South African Poultry Association wants vaccination, renewed anti-dumping duties and higher chicken consumption to drive industry growth.
Norwegian feed producers are exploring poultry-derived proteins to reduce reliance on marine ingredients, but questions remain over sustainability, animal welfare and consumer acceptance.
Proposed measures include alternative feed ingredients, improved storage infrastructure and financing to strengthen feed security and support poultry businesses.
TANZANIA – Tanzania’s poultry industry targets about 3 million tonnes of poultry feed annually under a new 10-year development strategy, as the government seeks to…