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farmlandgrab org | CDC Group commits $100 million to ETG, supporting the lives of farmers across Africa and Asia
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Birju Patel, Deputy CEO, Export Trading Group (ETG)S$100 million deal with the African Development Bank in 2018. In a 2012 company report, ETG stated that it had greenfields covering 136,140 ha in Tanzania; 156,000 ha in Mozambique; and 13,000 ha in the DRC.
CDC Group | 10 May 2021
CDC Group commits $100 million to ETG, supporting the lives of farmers across Africa and Asia
CDC Group, the UK’s development finance institution and impact investor, has announced a US $100 million debt commitment to ETG, an agricultural conglomerate connecting smallholder farmers to global markets through its operations in 48 countries worldwide. The debt commitment will support the growth of ETG’s food and agriculture business, and it will help ETG strengthen food value chains by expanding its logistic networks, boosting agriculture yields and the production of staple foods such as grains, rice and cocoa.