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

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.…

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

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…

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