Multinational - ETC Group Limited Trade and Agri-Finance Facility

The proposed project is a Trade and Agri-Finance Package comprising: (i) A USD60 million Trade Finance Soft Commodity Finance Facility (SCFF) to continue supporting (ETC) Group’s pre- and post-shipment working capital requirements with a particular focus on export-oriented activities; and (ii) A USD60 million Agriculture Value Chain Program to increase agriculture production and productivity by providing improved agricultural inputs and agronomic advisory services to local farmers while enhancing ETC’s value-chain logistics and processing capacities across targeted 10 countries in Africa. The borrower ETC Group Limited is a pan-African agriculture conglomerate with a footprint expanding across Sub-Saharan Africa, North America, Europe, Middle East, and South East Asia, trading millions of tons in soft commodities. The Group has a permanent-staff composition of 7200, with operations covering 26 African countries.