SGX Picks : Olam pushes farms in Africa oil producer to stem income fall

SINGAPORE/JOHANNESBURG (July 7): Gabon and Olam International are trying to persuade young people to take up farming in a nation that faces dwindling crude revenue and imports almost all of its food.

As part of a government plan to develop cash crops, Singapore-based Olam offers to send aspiring Gabonese farmers on training courses in countries ranging from Morocco to Malaysia.

“We need to foster the development of an agro-industry here,” Gagan Gupta, country head at the company’s Gabon unit, said in a phone interview. “It’s about creating human capital.”

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