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.

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