UK s Dev Finance Group Pumps Out $100 Million to Support Farmers Across Africa, Asia thenews-chronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews-chronicle.com Daily Mail and Mail on Sunday newspapers.
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.
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.
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.
ETG has long standing relationships with over 550,000 smallholder farmers across Africa, it helps to significantly improve their livelihoods by providing consistent future demand for their produce through access to regional and global markets; this enables their business to grow and ultimately improve their way of life.
Hubs for Business? UK Freeport Exporters Will Be Slapped With Duties Under Post-Brexit Deal
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Sputnik International
https://sputniknews.com/uk/202105101082846760-hubs-for-business-uk-freeport-exporters-will-be-slapped-with-duties-under-post-brexit-deal/
In March, Prime Minister Boris Johnson and Chancellor Rishi Sunak said that eight new English freeport areas, including those in Liverpool and Plymouth, will be a transformational benefit of Brexit.
The UK government has admitted that manufacturers in English freeports will be unable to benefit from the low tax rates if they export to certain countries including Canada and Norway.
A freeport is a special kind of port, where goods that arrive from abroad are not subject to tariffs, including VA or excise duties normally paid by companies to the government.