AFRICA'S NO.1 FOOD, BEVERAGE & MILLING INDUSTRY MAGAZINE

ETG Group receives US$100m financing from CDC Group to strengthen its supply chain

May 11, 2021May 11, 2021 Editor

KENYA – Export Trading Co. (ETG), an agricultural conglomerate connecting smallholder farmers to global markets is set to receive US$100m debt commitment from CDC Group, a British development finance institution and impact investor. The financing will support the growth of ETG’s food and agriculture business and strengthen its food value chains by expanding its logistic networks, boosting agriculture yields and the production of staple foods such as grains, rice and cocoa. As part of the funding facility, CDC will support ETG’s ongoing efforts towards implementation and alignment with international Environmental…

ETG gets backing from DFIs receiving US$115m financing to support agricultural value chain in Africa

Mar 15, 2021Mar 15, 2021 Editor

KENYA – Agri Commodities and Finance (ACF), the main trading company of Export Trading Company (ETC) Group has clinched a US$115 million syndicated loan facility from a consortium of Development Finance Institutions (DFIs), to enable it expand its operations across Africa. The facility was arranged by the Dutch FMO with participation from FinDev Canada and OeEB of Austria, aimed to allow ETG strengthen its operations across the agricultural value chain. According to FMO, by improving processing capacity and logistics it will lead to less post-harvest crop loss and food waste.…

Agricultural trader ETC Group acquires US$70m financing from FMO

Dec 23, 2020Dec 28, 2020 Editor

KENYA – Agri Commodities and Finance (ACF), the main trading company of Export Trading Company (ETC) Group has clinched a US$70 million working capital loan from Dutch development financier FMO. The signing of the agreement comes months after the development bank revealed it was seeking to extend a syndicated facility of US$90m to the largest and diversified agricultural commodity trader and supply chain manager with most of its footprint in Africa. The facility having a tenor of 2.5 years, is aimed to allow ETC Group have sufficient liquidity to continue…