Friday
March 19
2021

Agri Commodities and Finance Secures a $115 Million Syndicated Loan for Sustainable Agriculture

The Netherlands Development Finance Corporation (FMO) has teamed up with the Development Finance Institute (FinDev Canada) and Oesterreichische Entwicklungsbank AG (OeEB), the Austrian development bank, to open a $115 million syndicated credit line. The funds, which benefit Agri Commodities and Finance (ACF), a subsidiary of Export Trading Group (ETG), will promote sustainable agriculture in Africa.

The $115 million syndicated line of credit now available to Agri Commodities and Finance (ACF) has been opened by several development finance institutions. These include the Netherlands Development Finance Corporation (FMO), the Canadian government’s Development Finance Institute (FinDev Canada), and Oesterreichische Entwicklungsbank AG (OeEB), the Austrian development bank.

Source: Afrik21 (link opens in a new window)

Categories
Agriculture
Tags
agriculture, business development, climate change, environment, loan, sustainability