|Approval Date||13 Jul 2016|
|Signature Date||09 Jun 2017|
|Sovereign / Non-Sovereign||Non Sovereign|
|Sector||Agriculture and Rural Development|
|DAC Sector Code||31110|
This project is related to a corporate loan granted to Export Trading Group (ETG) to finance part of the company's five-year investment program in Africa. ETG is one of the largest and fastest growing integrated agricultural management and processing supply chain in Sub-Saharan Africa. The Group operates in more than 22 countries and has a large storage infrastructure (more than 300 warehouses) specifically designed for basic products. The total cost of its investment program for Africa is estimated at USD 142 million. This five-year program will be funded by the Bank, commercial banks and operating cash flow. The project is structured as follows: (i) Fertilizer projects in Kenya and Zambia; (ii) Processing plants (rice, cashew nuts, maize, sesame seeds, cotton, and biscuits) in Kenya, Tanzania, Zambia, Mozambique, Togo, Ethiopia, Benin, Zimbabwe, Nigeria and Uganda; (iii) Multi-commodity warehouses in Burkina Faso, Malawi, Zambia, Zimbabwe, Niger, Benin, Nigeria and Ethiopia; and (iv) Silos in Zimbabwe.
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.
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.
African Development Bank
|Last Update||27 Sep 2020|