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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Olam plans to go big on Africa coffee plantations

Posted on 29 September 2015

Olam International, a commodity trader controlled by investment company Temasek Holdings, plans to more than double coffee-plantation space in Africa to improve quality control there. The company, 51.4 per cent held by Temasek, targets total African coffee farmland at 5,000ha, up from 2,200ha already planted in Zambia and Tanzania, Mr Deepak Kaul, senior vice-president for coffee, said by e-mail in response to questions.
In Zambia, where Olam already has 1,200ha planted, it plans to increase estates to 2,700ha through its subsidiary, Northern Coffee, one of the biggest large-scale producers in Africa, Mr Kaul said without providing a timeframe. “As Africa is a central part of our business, we are committed to investing and expanding on the continent,” he said. Customers increasingly want “single-estate, certified and traceable coffees”………………………………………..Full Article: Source


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