Home ETC Group ETC Group In brief Export Trading Group (ETG) is a large and diversified agricultural commodity trader and processor with most of its operations in Africa. ETG has about 70 direct subsidiaries serving more than 40 countries on five continents. ETG is one of Africa's largest players in agribusiness trading and processing. Several major DFIs are funding its operations, and it is widely considered one of Africa's most bankable agribusinesses. DEG is arranging a USD 150 million senior unsecured long-term working capital facility for ETG to improve the balance sheet structurally and enhance trading growth. The DEG-arranged facility will be contractually earmarked for Africa, and Finnfund’s proceeds will be used in Tanzania, Malawi, and Mozambique in five ETG subsidiaries. Main development impact ETG’s operations alleviate some of the most fundamental problems of African agriculture. It improves market access to local farmers by sourcing commodities from rural areas. It increases competition and thereby improves the prices and income of farmers. It improves access to critical inputs such as fertilisers and seeds, which help farmers to increase their yields. Its private extension services, training the farmers, support the (often) nonfunctional and inefficient government services. ETG’s infrastructure network of warehouses decreases post-harvest losses, which are the greatest in Africa. ETG’s vehicle fleet and intra-Africa trade decrease the market volatility and improve market integration. ETG’s operations can also be estimated to create export revenues to Africa (although it also imports inputs and commodities to Africa). Finally, ETG’s corn-soya production facilities and sales to UN organisations indirectly help malnourished people in Africa. Investment details Name: ETC Group Project number: 80000214 Region: Africa Country: Africa Sector: Agriculture Signing date (month/year): April 2020 Currency: USD Finnfund's financing (commitment): 15,000,000 Instrument: Loan Size of the project financing: USD 150,000,000 Share of Finnfund's financing (%): 9 % Status: Active Website: https://www.etgworld.com Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year. Other investments Name Country Signing date (month/year) Currency Finnfund's financing (commitment) Instrument ETC Group Tanzania, Mozambique, Malawi October 2021 USD 10,000,000 Loan April Read our transparency and disclosure policy More information: Ajankohtaista ja julkaisut Nykyiset investoinnit Toimialat Yhteystiedot Key facts Name: ETC Group Sector: Agriculture Region: Africa Country: Africa Currency: USD Finnfund's financing (commitment): 15,000,000 Signing date (month/year): April 2020 Last update: June 2020