The investment will focus on Nigeria, Cameroon, Côte d’Ivoire and Ghana, while the company also explores opportunities in southern Africa, including Angola.
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.
The initiative brings together Olam Agri’s existing baker-development programmes across several African markets under a broader platform designed to expand skills development and economic opportunities in the baking sector.
The installation comprises 2,690 solar panels and is designed to generate approximately 2.29 million kWh of clean electricity annually, supplying power to Olam Agri’s pasta and flour manufacturing facilities.
The investment increases local flour production and comes days after the company widened its sustainable agriculture partnership with IDH across West Africa.