Multinational - Export Trading Group


Project Summary

Approval Date 13 Jul 2016
Signature Date 09 Jun 2017
Sovereign / Non-Sovereign Non Sovereign
Sector Agriculture and Rural Development
DAC Sector Code 31110
Commitment U.A 72,033,135.24
Status Implementation

Project General Description

This project involves the granting of a corporate loan to the Export Trading Company (ETG) to enable it to finance part of its five-year investment program in Africa. ETG is one of the largest and most dynamic integrated chains of management and processing of agricultural products in sub-Saharan Africa. The Group operates in more than 22 African countries and has a large storage infrastructure (more than 300 warehouses) specifically set up for commodities. The total cost of its total investment program for Africa is estimated at USD 142 million. This five-year program will be financed by AfDB, commercial banks and operating cash flow. It is organized as follows: (i) fertilizer projects in Kenya and Zambia; (ii) processing plants (rice, cashew nuts, maize, sesame, cotton, biscuits) in Kenya, Tanzania, Zambia, Mozambique, Togo, Ethiopia, Benin, Zimbabwe, Nigeria and Uganda ; (iii) multi-product warehouses in Burkina Faso, Malawi, Zambia, Zimbabwe, Niger, Benin, Nigeria and Ethiopia; silos in Zimbabwe.

Project Objectives

The main objective is to contribute to the improvement of agricultural productivity in Africa, and especially to the addition of value and a wide distribution of food products on the continent, thanks to its vast distribution networks. In other words, it is essentially to support the extension of the agricultural supply chain in Africa.

Beneficiaries

The main beneficiaries of the project are the Export Trading Company Group (ETG), the actors of the agricultural value chain, the African populations, with particular emphasis on women.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-Z1-AAZ-038
Last Update 31 Oct 2019

Export

Contact Details

Email private-sector@afdb.org

Geographic Location

Country Multinational