Export Trading Group Guarantee

completed

Export Trading Group (ETG) is a leading commodity supply chain operator based in East and Southern Africa. Its main businesses include (a) trading and distribution of agricultural products and fertilizers, (b) farming of maize, rice, soybean, wheat, etc., (c) processing of maize, pigeon peas, rice, etc. and (d) investments in information technology, mining, leisure, forestry and logistics. ETG is composed of about 75 entities (some of them dormant) and employs about 3,000 permanent staff. ETG achieved strong growth in its trading operation due to the increase in the global demand for commodities and the group’s competitive positioning (strong origination, storage and transportation capabilities and diversification into new products and markets). To take advantage of its leading position, ETG plans to expand its trading operation by obtaining additional trade finance facilities (the “Project”). The proposed IFC investment is to provide guarantees for the trade finance facilities under the Project.