The funding will modernize the Godomey–Ouidah–Hillacondji road corridor and strengthen agricultural productivity, food security, and climate resilience.
The bank is designed to safeguard Iraq’s local crop varieties, wild relatives, and traditional seed material, which face increasing pressures from water scarcity, salinity, heat, and changing farming systems.
The facility can process 70,000 tonnes of raw materials a year, turning shea into butter and soybeans into oil and oilseed cake.
The investment will support international field trials, research and development, and partnerships with seed companies as the business expands its portfolio of crops designed to withstand environmental stresses.
The new Madrid office complements Olam Agri’s existing Barcelona operation, its first base in the country and the starting point of its Spanish business.