FMO, FinDev Canada and OeEB support critical food supply in Africa
FMO, FinDev Canada, and OeEB have announced a $115m syndicated loan facility that will allow Agri Commodities and Finance (ACF), one of the main trading companies of Export Trading Group (ETG) to improve and expand its operations in Africa. FMO acted as lead arranger in this syndicated facility that will indirectly support an estimated 600,000 smallholder farmers and the communities, while also contributing to more sustainable and climate-resilient agricultural practices across the continent. Pieternel Boogard, Director Agribusiness, Food, and Water of FMO, said: “We are very pleased to...
Source: africaglobalfunds.com