AfDB issues $100m loan to Export Trading Group

Skip to:

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
Government of Kenya/JPY10.077 billion/0318 Financial close 94.99
Islamic Development Bank/$1.25 billion/0318 Sorry no data available 1250.00
PRICO/$9 million/0318 Financial close 9.00
Fransabank/$50 million/0318 Financial close 50.00
Bujagali Energy/$400 million/0318 Financing 400.00
No data available
More transactions

Trade Finance on Twitter