Patel family’s ETG secures $100 million new financing from TDB Group
The trade finance facility, provided by the Trade and Development Bank of Southern and Eastern Africa (TDB), supports the activities of Agri Commodities and Finance FZE-LLC (ACF), a subsidiary of the Kenyan diversified agricultural conglomerate Export Trading Group (ETG).
Someone shares this article with you
▪ Patel family’s ETG secures $100 million new financing from TDB Group
▪ The trade finance facility, provided by the Trade and Development Bank of Southern and Eastern Africa (TDB), supports the activities of Agri Commodities and Finance FZE-LLC (ACF), a subsidiary of the Kenyan diversified agricultural conglomerate Export Trading Group (ETG).
▪ https://www.africabusinessplus.com/en/814303/patel-familys-etg-secures-100-million-new-financing-from-tdb-group/
The $100 million loan from the Trade and Development Bank of Southern and Eastern Africa (TDB) will finance the import of fertilisers and critical agricultural inputs, such as seeds for small-scale African farmers, in the context of rising inflation and disruption of agricultural value chains.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
Agribusiness
21/11/2023 at 18h52, by Africa Business+, updated 22/11/2023
BII to invest in Nigerian agri-retailer Valency International
The international group is working to finance the operations of its Lagos branch, one of the largest...
Industry
13/11/2023 at 14h05, by Estelle Maussion, updated 17/11/2023
Kenya’s ETG signs takeover of Yara Côte d’Ivoire (fertiliser)
An Africa Business+ exclusive.
Bank
18/07/2023 at 14h55, by Africa Business+
With TDB as arranger, EAP plans 70% debt financing for two solar parks in DR Congo
Located in the heart of the mining zone, the two Kino-Congolese projects, recently acquired by the Kigali-based...
Agribusiness
23/06/2023 at 14h47, by Aurelie Benoit, updated 24/06/2023
Patels seek €110 million to modernise ETG facilities
One of the largest agribusinesses on the African continent, with operations in some 20 countries, is...
Agribusiness
20/12/2022 at 18h52, by Christelle Marot
Export Trading Group (ETG) project awaiting IFC $234m risk cover
The diversified agricultural trader and conglomerate, owned by the Patel family in Kenya, will receive...
Industry
24/01/2022 at 15h08, by Gaëlle Arenson, updated 26/01/2022
ETG CEO Ashish Lakhotia: “Thanks to SABIC, we will expand our distribution network in Africa significantly”
Africa Business+ spoke to ETG’s CEO as the Saudi giant SABIC Agri-Nutrients prepared to take a 49% stake...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.