AFRICAN & MIDDLE EAST NEWS

This strategic takeover comes at a pivotal moment for Forafric, which has been grappling with a complex financial restructuring while maintaining its status as a leading player in transforming wheat and producing staple goods like flour, semolina, and couscous.

The US$40 million investment strengthens Olam Agri’s wheat milling and pasta manufacturing capabilities in West Africa and represents a major milestone in Ghana’s drive to deepen domestic production, enhance food security, and accelerate industrial growth.

The National Irrigation Authority will convert the Ahero pumping station into a hybrid system powered by a 500-kilowatt solar plant.

The rehabilitated berth will serve as Iraq’s primary entry point for wheat shipments, enabling faster vessel unloading and more efficient transfer of imports into storage and distribution networks.

The company linked the increase to better market conditions and stronger demand.