|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 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.
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||31 Oct 2019|