Country: Pan Africa
Type of investment: Intermediary
Financial close: November 2015
Tenor: 5 years
Type of Investment: Balance Sheet
S&E Category: B
In November 2015, AATIF entered a USD 30m facility agreement with Export Trading Group (“ETG”), a family-owned agricultural supply chain manager and processor with operations spanning procurement, processing , warehousing, distribution and trade of soft commodities from over 40 countries globally – including 26 African countries.
Through its vast network and broad presence across Africa, the company plays a crucial role in linking local farmers to international markets. The vast majority of its commodities purchased in Africa were acquired from smallholder farmers, partially processed locally and partially sold as raw commodity on both regional and international markets. Beyond providing farmers with access to markets for their produce, ETG supports farmers with training initiatives and access to essential supplies like farming inputs and equipment. Through this combination farmers improve their farming skills leading to improved yields and increased farm earnings. Further ETG has continued to grow its footprint in local value addition – both in terms of local storage capacities and local processing facilities for various crops. This has generated several thousand employment opportunities for local communities and ETG has paid particular attention to the employment of women at its processing operations.
When AATIF initially provided its facility to ETG, the company was able to source short-term working capital funding from the commercial market, but struggled to obtain long-term working capital for crops with longer production and trade cycles as well as funding for longer term expansion activities. Hence AATIF’s facility contributed to developing a more sustainable financing structure for ETG, dedicated to its Africa operations with a focus on local value addition and export.
production sites across 26 African countries
Global presence in countries
Number of employees
ETG has provided employment to 5,035 people in Africa. Direct employees represent 1,214 people (24% of which were female) and contract employees represent 3,821 people (75% of which were female).
TECHNICAL ASSISTANCE FACILITY
The TA Facility has supported ETG through the implementation of one rapid appraisal study to assess the impact of the AATIF investment. The results are concluded in the IMPACT Brief.
TA Facility Projects
Rapid appraisal study of the AATIF investment in ETG
- Figures are based on latest available self-reported data by investees and data collected by AATIF’s collaboration partners
- Figures are subject to change as and when additional information becomes available
- Figures reported here are not replacing rapid appraisals / impact evaluations that are done in addition