AfDB issues $100m loan to Export Trading Group

Skip to:
Article

The African Development Bank (AfDB) has approved a $100 million seven-year corporate loan for African Export Trading Group (ETG). The borrower is an African agricultural supply chain group and the funds will finance part of its five-year agricultural investment programme.

ETG’s investments will include fertilizer projects in Kenya and Zambia; processing plants (rice, cashew, maize, sesame, cotton, biscuit) in Kenya, Tanzania, Zambia, Mozambique, Togo, Ethiopia, Benin, Zimbabwe, Nigeria and Uganda; multi-commodity warehouses in Burkina Faso, Malawi, Zambia, Zimbabwe, Niger, Benin, Nigeria, Zambia and Ethiopia; and Silos in Zimbabwe.

Africa faces a significant food security challenge and net food imports are projected to increase to more than $110 billion by 2025.

 

 

Related analytics

Transaction Name Stage Est. Value
Kenya government/$750 million/0118 Financial close 750.00
NetOne/$71 million/0118 Financial close 71.00
Senegal government/€73 million/1117 Financial close 86.51
Segou Solaire/$55 million/0118 Financing 55.00
Sasol/$200 million/0118 Financing 200.00
No data available
More transactions

Trade Finance on Twitter