News
13 April 2018
AfDB signs soft commodity financing with Export Trading Group
In:
Agriculture/food chain
Region:
Middle East & Africa
The African Development Bank (AfDB) has signed a loan agreement for a soft commodity finance facility with the Export Trading Group (ETC). The facility is structured as two successive $100 million loans, each with a tenor of up to two years. The loans will be used to finance the procurement of agricultural commodities from over 600,000 farmers.
