Multinational - Export Trading Group

This project is related to a corporate loan granted to Export Trading Group (ETG) to finance part of the company's five-year investment program in Africa. ETG is one of the largest and fastest growing integrated agricultural management and processing supply chain in Sub-Saharan Africa. The Group operates in more than 22 countries and has a large storage infrastructure (more than 300 warehouses) specifically designed for basic products. The total cost of its investment program for Africa is estimated at USD 142 million. This five-year program will be funded by the Bank, commercial banks and operating cash flow. The project is structured as follows: (i) Fertilizer projects in Kenya and Zambia; (ii) Processing plants (rice, cashew nuts, maize, sesame seeds, cotton, and biscuits) in Kenya, Tanzania, Zambia, Mozambique, Togo, Ethiopia, Benin, Zimbabwe, Nigeria and Uganda; (iii) Multi-commodity warehouses in Burkina Faso, Malawi, Zambia, Zimbabwe, Niger, Benin, Nigeria and Ethiopia; and (iv) Silos in Zimbabwe.