Olam teams up with French firm to develop animal feed expertise in Nigeria

It's a two-year partnership.

Mainboard-listed agri-business giant Olam International has inked a consulting agreement with French feedstock company InVivo Animal Nutrition & Health to jointly develop expertise in animal feed in Nigeria.

The two-year partnership will involve technical assistance and sharing of expertise to jointly develop solutions and products in the animal feed space.

The knowledge transfer between the two companies will help develop solutions, formulate animal feed, characterise raw materials and implement R&D trials and protocols to enter the animal feed industry in Nigeria.

This partnership follows Olam’s announcement in November to enter the animal feed and related businesses in Nigeria.

“This knowledge-transfer agreement will accelerate our penetration into this space, allowing Olam and InVivo to rapidly scale up commercial activities. In doing so, we look forward to improving productivity and returns for the local fish and poultry producers, which supports Nigeria’s economy,” said Olam’s Global Head of Grains, K C Suresh.