CDC Group Commits USD $100 Million to African Farmers
United Kingdom government-owned development finance institution CDC Group will be providing a debt commitment of USD 100 million to agricultural conglomerate Export Trading Group.
Export Trading Group (ETG), an agricultural business in Sub-Saharan Africa, has been offered debt financing of USD 100 million from CDC Group.
It follows CDC Group’s unveiling of two new projects via which it provided support to small businesses and supply chains in Africa, in July last year.
ETG’s food and agriculture business will benefit from the financing, and it will allow ETG to develop a more robust food value supply chain. In turn, it is hoped that this will increase the yield for agriculture business and for the production of cocoa, rice and grains.