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Wilmar International

Olivine yet to receive US$8m AfDB loan

Olivine Industries Ltd, a local unit of Wilmar International, is yet to receive US$8.25 million loan it secured from African Development Bank (AfDB) about four months ago because the regional banking group is waiting for a plan on how the…
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Olivine secures US$8,25m AfDB loan

Olivine Industries Ltd, a local unit of Wilmar International, has secured a US$8,25 million loan from the African Development Bank (AfDB) to build two plants in line with the company’s drive to expand its food portfolio with new products.
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Olivine investor ditches company

Singapore-headquartered agribusiness group, Wilmar International, which last year completed the takeover of a 49 percent shareholding in fast-moving consumer goods group, Olivine Industries, has failed to recapitalise the company.…
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