date:Apr 22, 2016
Singapore-based agribusiness Olam International has signed a $175m loan agreement for five years in a bid to finance four of its food processing facilities in Nigeria and India.
The agreement has been signed with US-based International Finance Corporation (IFC), a subsidiary of the World Bank Group.
IFC will finance Olam's permanent working capital and capital expenditure requirements for the four food processing plants of the company.
Olam group chief financial officer Neelamani Muthukumar s