Export Trading Group (ETG), an integrated chain for the management and processing of agricultural products present in 26 African countries, is to receive $15 million in financial support from a Finnish investor.
The resource will enable the agro-industrial group to strengthen its agricultural trading and processing operations mainly in Malawi, Mozambique, and Tanzania.
Finnfund, ETG's new shareholder, has not disclosed the shares it will acquire in return for its financial contribution. Three other development financial institutions are reported to have a stake in the Kenyan company, which covers the entire agricultural value chain from production to distribution.
Long before the Finnish investor, several African banks and international financial institutions mobilized funds to support the Export Trading Group's activities in sub-Saharan Africa, South-East Asia, the Middle East, and Europe; regions in which the group has expanded its footprint.
Chamberline Moko
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• BOAD releases CFA10 billion ($17.8 million) to support Boungou and Wahgnion gold mines.• Burkina F...
Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...
• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société ...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo • License award comes on stream as part of the...
• The International Monetary Fund (IMF) has authorized a $262.3 million disbursement for Ethiopia, taking total payments under Extended Credit...
• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boosting regional trade and investment• Part of broader...
• IFAD initiates a program worth $358.26 million to bolster dairy sector in Kenya, Rwanda, Tanzania, and Uganda • The program, called DaIMA, aims...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...