Afreximbank grants $ 400 million revolving credit to Kenya agricultural trading company ETG

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Kenya's agricultural trading company ETG has recently received significant support from the African Export-Import Bank (Afreximbank). 

 On August 26, the institution granted him a revolving credit of $ 400 million to support him in his activities on the continent. 

 The Kenyan agricultural company Export Trading Group (ETG) benefited on August 26, from a revolving credit of $ 400 million from the African Export-Import Bank (Afreximbank). This revolving financial facility as repayments are made aims to support the company in its activities along the agricultural value chain on the continent. In particular, it should help finance its operations in the supply of agricultural inputs, the reduction of post-harvest losses, storage, transport as well as the processing of agricultural products. 

 The envelope will also allow ETG to help small and medium-sized enterprises engaged in commercial agriculture to build their capacity to access regional and international markets. As a reminder, ETG is one of the largest agricultural conglomerates with an integrated chain of agricultural management, trading and processing in Africa. Operating in nearly 40 countries, the group targets products like coffee, sugar, rice, soybeans, cashews and wheat.

 Cassien Tribunal Aungane, Editor

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