ETG raises money for imports and exports

By Maureen Maingi

Export Trading Group (ETG) is raising Sh8bn to finance the import of fertiliser to Africa, and export of grains. The Kenya-based agricultural commodities trader will receive $40 million (Sh4 billion) in funding from the International Finance Corporation (IFC)

ETG buys and sells commodities such as maize, pulses and fertiliser. It operates across 40 countries. It is globally recognised as one of the fastest growing integrated agricultural supply chain groups.



The IFC said in its investment disclosures: “The proposed project involves the second renewal of the existing funded risk-sharing facility with Standard Chartered Bank for a trade finance facility of $80 million to support ETG agri-commodity trader’s export of cash and food grains, storage, and import of fertiliser in sub-Saharan Africa.”

“IFC’s investment amount will be up to $40 million,” the global financier added.



Featured Articles

SAP creates new EMEA region and announces new President

SAP has announced it has appointed a new President for a newly-created EMEA region, aiming to make the most of the opportunities of cloud and AI technology

How SAP is facilitating continuous business transformation

Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software

Siemens and Microsoft: Driving cross-industry AI adoption

To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI

Sustainability must become central to corporate strategy


The endless benefits of putting your people first

Leadership & Strategy

Working from anywhere: SAP uncovers secret life of employees

Human Capital