The ICP issuance was met with robust market interest and was oversubscribed by 1.4 times, a clear indication of investor confidence.
According to a statement from the Ministry of Agriculture, the three-year project will be implemented in the Peanut Basin, which occupies 57% of Senegal’s arable land.
The decision to establish a presence in Zambia was driven by the country’s significant maize production and its central location within the region.
This marks the company’s second significant investment within a month.
The newly installed facility features Satake’s REACH 3.0 modular mills, enabling Okean to transition from traditional milling methods.