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 development finance institutions fund its operations, and it is widely considered one of the most bankable agribusinesses in Africa. IFC is syndicating a USD 116 million medium-term working capital facility. Finnfund’s proceeds will be used in Tanzania, Malawi, and Mozambique by five ETG subsidiaries. Main development impact The transaction supports Finland’s main development policy goal to eradicate poverty and reduce inequalities, e.g. creating jobs and improving the livelihood of the smallholders in Sub-Saharan Africa. ETG develops and improves smallholder farmers' access to the market by sourcing commodities from rural areas. Its activities increase competition and thereby improve the prices and income of farmers. In addition to sourcing from smallholder farmers, ETG provides access to critical inputs such as fertilisers and seeds, which help farmers increase their yields. ETG has CSR programs that also help farmers improve their yields and the sustainability of their agricultural practices. ETG’s logistics and infrastructure network of warehouses is expected to decrease post-harvest losses, the largest in Africa (15-20%). ETG’s operations have a positive impact on export revenues in Africa. Investment details Name: ETC Group Project number: 80000214 Region: Africa Country: Tanzania, Mozambique, Malawi Sector: Agriculture Signing date (month/year): October 2021 Currency: USD Finnfund's financing (commitment): 10,000,000 Instrument: Loan Size of the project financing: USD 116,000,000 Share of Finnfund's financing (%): 8,60 % 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 Africa April 2020 USD 15,000,000 Loan October Read our transparency and disclosure policy More information: News Current investments Business sectors Contact us Key facts Name: ETC Group Sector: Agriculture Region: Africa Country: Tanzania, Mozambique, Malawi Currency: USD Finnfund's financing (commitment): 10,000,000 Signing date (month/year): October 2021 Last update: June 2022